Private Equity
4 min read · 30 January 2014
Private equity investments by college and university endowments delivered an average return of 9.1 percent in 2013, falling short of the 11.7 percent jump in overall portfolios and reversing a year-ago outperformance by the asset class, according to a closely-watched annual survey by the NACUBO-Commonfund Study of Endowments.
2 min read · 29 January 2014
GTCR, the Chicago-based firm focused on financial services and technology, health care, and information technology, may increase its average equity check by a high-single-digit percentage rate after closing GTCR Fund XI with $3.85 billion in commitments as the largest buyout fund in its 34-year history.
2 min read · 28 January 2014
The California Public Employees’ Retirement System is seeking a senior portfolio manager for co-investing to oversee a four-person team, as the largest U.S. public pension fund looks to take part in buyout deals.
2 min read · 28 January 2014
The vintage 2006 Francisco Partners II buyout fund generated an IRR of 12.2 percent as of Dec. 31, 2012, according to performance data from California Public Employees’ Retirement System. The performance beats the 11.7 percent threshold for top-quartile funds and the median IRR of 7.5 percent for the vintage year, according to LP data compiled by Buyouts.
3 min read · 28 January 2014
Capital Partners Inc, the Greenwich, Conn, firm launched in 1982, surpassed its fundraising target by $110 million with Capital Partners Private Equity Income Fund II LP, which drew $360 million in commitments for cash-yielding targets in the middle-market arena.
1 min read · 27 January 2014
Providence Equity Partners booked a gross return multiple of 4.5x on its exit of the Yankees Entertainment and Sports Network in a deal with Rupert Murdoch’s 21st Century Fox for the cable TV sports property, according to a person familiar with the private equity firm.
2 min read · 27 January 2014
The top-ranked Massachusetts Pension Reserves Investment Management’s private equity portfolio gained 21.1 percent in 2013, out pacing gains from the two previous years and boosting the overall performance of the pension fund, according to fresh data from the public retirement system.
3 min read · 27 January 2014
Fraud charges by the U.S. Department of Justice against the company that conducted a background check on former National Security Administration contractor Edward Snowden mark a setback for Altegrity Inc, a portfolio company of Providence Equity Partners facing a fresh debt downgrade.
3 min read · 24 January 2014
Endeavour Capital’s affiliate Endeavour SEAM has been fundraising for Endeavour Structured Equity and Mezzanine Fund II LP with newly-launched boutique investment bank Hycroft in the role of placement agent, according to three sources familiar with the firm.
2 min read · 23 January 2014
