Private Equity
Public and private pension funds boosted their allocations to private equity by hundreds of billions of dollars between 2005 and 2012, but remain well behind the deployment levels of family offices/endowments and sovereign wealth funds, according to a first-time joint study of 1,208 U.S. and UK pension funds by the London Business School’s Coller Institute and Adveq.
2 min read · 23 January 2014
Onex Corp.’s flagship buyout vehicle Onex Partners IV LP is expected to reach a rapid close at or near its $4.5 billion target by the middle of 2014, an LP familiar with the firm told Buyouts.
2 min read · 22 January 2014
Baird Capital has closed its second European buyout fund at just under $100 million including an investment from J.P. Morgan Chase & Co, as the private equity arm of Robert W. Baird & Co hopes to capitalize on an expected economic up-tick in the region.
1 min read · 22 January 2014
Goldman Sachs is expecting to steer clients toward so-called “3 percent funds” as it takes aim at its large private equity business, with about $15 billion in assets on its balance sheet that come under Volcker Rule requirements.
2 min read · 21 January 2014
Raine Group, the New York-based firm launched by veterans of Goldman Sachs and UBS that advised on the high-profile deal to buy talent agency IMG, has raised $367 million for Raine Partners II LP, just about two years after closing its inaugural vehicle.
2 min read · 16 January 2014
The State of Wisconsin Investment Board’s private equity portfolio outpaced its benchmark by a healthy 1 percent in calendar year 2013 as the asset class boosted overall returns for the pension system, according to preliminary estimates from the retirement system.
1 min read · 15 January 2014
Thomas H. Lee Partners is tapping into the growing pet arena with a deal to buy Phillips Pet Food & Supplies from AEA Investors as it continues fundraising for its $4 billion flagship Fund VII.
2 min read · 15 January 2014
John von Schlegell, a managing director at Endeavour Capital, co-founded the firm in 1991 after working as one of five general partners at GTCR as well as undersecretary for health and human services in Massachusetts.
3 min read · 15 January 2014
Blackstone Group President Tony James said higher interest rates as newly-appointed Federal Reserve Chairwoman Janet Yellen pulls back on the central bank’s quantitative easing program will not derail mergers & acquisitions activity, but the private equity deal-maker continues to focus more on selling companies than buying them as prices remain lofty.
3 min read · 14 January 2014
The rally in the U.S. equities market last year means that the largest U.S. public pension funds have room to grow their private equity portfolios, according to an analysis by Buyouts.
4 min read · 13 January 2014
