Sam Sutton

Carried interest at risk with Republican congress: PE lobbyists

The newly minted Republican congress may move to change carried interest’s tax treatment if it helps ease the passage of comprehensive tax reform, say private equity lobbyists.

Pay for performance

Public pensions like CalSTRS are scrambling to find the right bonus structure to retain talent.

Santa Barbara commits $50 mln to energy, buyouts

The Santa Barbara County Employees’ Retirement System allocated $50 million across six private equity and venture capital funds in 2014, with a final commitment to an undisclosed fund “in the final stages of the diligence process,” according to a Hamilton Lane report the retirement system sent to Buyouts.

Buyouts Snapshot: Siris plans Fund III final close in January

Siris Capital expects to secure 85 percent of the commitments to its latest flagship fund in a December first close, with a final close planned for January.

South Carolina allocates up to $165 mln to Crestview, Bridgepoint

The South Carolina Retirement System Investment Commission committed more than $165 million across two private equity funds at its Nov. 20 meeting, spokesman Danny Varat said.

Two Illinois pensions won't review managers for Rauner donations

The Teachers’ Retirement System of the State of Illinois and State Universities Retirement System of Illinois will not follow the Illinois State Board of Investment’s lead in reviewing their investment managers’ political contributions for possible conflicts of interest, spokespeople said.

GPs flex muscles in fund-term negotiations

Excess demand for top-performing private equity managers has pushed the balance of power back in the direction of general partners, limited partners tell Buyouts.

LPs feel jittery about energy

With the drop in oil prices, some limited partners are questioning the wisdom of committing long-term capital to strategies that depend on the value of a volatile commodity.

Siris III attracts $2.3 bln-plus of demand; final close planned for January

Siris Capital expects to secure 85 percent of the commitments to its latest flagship fund in a December first close, with a final close planned for January, according to Los Angeles County Employees Retirement Association documents.

Crestview expects final close for Fund III in January

1Crestview Partners expects to hold a final close on its third flagship fund in January, according to South Carolina Retirement System Investment Commission documents.