Private Equity
The California Public Employees Retirement System committed $250 million to Stone Point Capital’s Trident VI fund, as the largest public pension system in the U.S. brought its allocation to private equity in line with its actual holding of 12 percent.
2 min read · 21 February 2014
Harren Equity plans to increase headcount by at least a third after the Charlottesville, Va -based buyout shop raised $275 million for Harren Equity Partners III LP in five months.
1 min read · 21 February 2014
MTS Health Partners, the New York-based merchant bank and GP specializing in healthcare, has disclosed $188 million in commitments for MTS Health Partners III.
2 min read · 21 February 2014
2 min read · 21 February 2014
Blackstone Group senior executives Stephen Schwarzman and Tony James said the firm’s year-old Blackstone Tactical Opportunities effort is tipping the scales with more than $5 billion in commitments and an internal rate of return north of 20 percent thus far, in an upbeat assessment of one of the megafirm’s newest lines of business.
2 min read · 20 February 2014
Harren Investors II LP, the vintage 2008 buyout fund, logged an IRR of about 19 percent for LP California Emerging Ventures I, II, III & IV, a fund for the California Public Employees’ Retirement System managed by Grove Street Advisors. The performance matches the top-quartile threshold and outpaced the 10.6 percent median performance for funds of that vintage year, according to pension data compiled by Buyouts. The firm closed Harren Investors III last July with $275 million in commitments after less than five months on the fundraising trail.
3 min read · 14 February 2014
Lone Star Funds Ltd, the Dallas-based specialist in distressed investments with $45 billion in capital commitments, has revealed plans to up the size of its next flagship fund by $2 billion, less than a year after closing Lone Star Fund VIII with $5.1 billion in pledges.
2 min read · 12 February 2014
Austin Ventures is talking to investors about a new $400 million to $650 million fund after raking in more than $80 million in stock sale proceeds from its investment in RetailMeNot and adding a new executive focused on the software sector.
2 min read · 10 February 2014
HGGC Chief Executive and Managing Partner Rich Lawson is expecting MyWebGrocer Inc to expand globally as more consumers use their mobile phones to order and buy groceries to pick up at their favorite market.
1 min read · 07 February 2014
Apollo Fund VIII‘s final fundraising tally has tipped the scale at $18.4 billion, making it the largest buyout fund since the financial crisis and the heftiest in the New York firm’s history, including an $880 million pledge from insiders.
2 min read · 07 February 2014
