Sam Sutton

Carlyle LPs to share in collusion suit settlement costs: Buyouts

The Carlyle Group’s $115 million settlement of a lawsuit that alleged it colluded with other buyout shops to depress deal prices will be paid through a combination of Carlyle Partners IV fund capital, insurance, balance sheet capital, and contributions from some employees of the firm.

New Mexico ERB increases PE pace to $300 mln per year; plans RFP

The New Mexico Educational Retirement Board plans to increase the pace of its annual commitments to private equity funds to $300 million from $175 million, Steve Neel, the board’s deputy chief investment officer, told Buyouts.

Washington State commits $736 mln to PE

Washington State commits $736 mln to PE

The Washington State Investment Board committed roughly $736 million to private equity funds managed by Bridgepoint Capital, Advent International and Roark Capital Group at its Sept. 18 meeting, spokeswoman Liz Mendizabal told Buyouts in an email.

PE pumps $2.25 mln into Rauner campaign: Buyouts

People with close ties to the private equity and venture capital industries had contributed more than $2.25 million to former GTCR partner Bruce Rauner’s Illinois gubernatorial campaign as of Sept. 19, according to a Buyouts analysis of Illinois State Board of Elections data.

New Mexico re-ups $125 mln to Bridgepoint, NGP

The New Mexico State Investment Council re-upped to two private equity managers at its Sept. 23 meeting, spokesman Charles Wollman told Buyouts. New Mexico committed $75 million to Bridgepoint Europe V and $50 million to NGP Natural Resources XI.

Michigan backs Apollo, Liberty Mutual spinout

The University of Michigan Board of Regents disclosed commitments to Apollo Structured Credit Recovery Fund III and Old Ironsides Energy II at its Sept. 18 meeting, according to documents released by the endowment. The Board of Regents committed $30 million to each fund.

PE pumps $2.25 mln into Rauner campaign; Citadel's Griffin offers private plane

People with close ties to the private equity and venture capital industries had contributed more than $2.25 million to former GTCR partner Bruce Rauner’s Illinois gubernatorial campaign as of Sept. 19, according to a Buyouts analysis of Illinois State Board of Elections data.

LPs jostle for position in oversubscribed Vista fund

The Kentucky Retirement Systems approved a $50 million commitment to Vista Equity Partners’ latest buyout fund at its Sept. 11 board meeting, but it is unclear whether the retirement system will ever actually invest in the fund.

Kentucky pledges $100 mln to Deutsche Bank secondaries

The Kentucky Retirement Systems approved a $60 million commitment to Crestview Partners III and a $100 million commitment to Deutsche Bank Secondary Opportunities Fund III at its Sept. 11 meeting, interim Chief Investment Officer David Peden told Buyouts.