Private Equity
EIG Global Energy Partners held a final close for Energy Fund XVI at $6 billion, as its largest flagship fund yet and its second since spinning out of TCW at the end of 2010, with about $7.5 billion in total demand.
2 min read · 03 December 2013
The $118 billion Teacher Retirement System of Texas may commit between $2 billion and $3 billion to private equity funds in 2014 in order to maintain its targeted allocation, with incumbent sponsors expected to receive the bulk of the investments.
2 min read · 03 December 2013
Gryphon Investors has closed its Gryphon Partners 3.5 LP fund with commitments of $365 million, after the San Francisco-based lower middle-market player drummed up interest on the heels of three deals, according to two people familiar with the firm.
2 min read · 27 November 2013
EnCap Energy Capital Fund VI LP, the vintage 2006 fund from Dallas-based EnCap Investments LP, rang up an IRR of 25.3 percent, according to the California Teachers’ Retirement System. The performance beats the 11.7 percent threshold for top-quartile funds from that vintage year and comes in well ahead of the median performance of 7.5 percent for the median. David Miller, managing partner and co-founder, EnCap Investments, spoke with Buyouts in a phone interview and via email.
7 min read · 26 November 2013
5 min read · 25 November 2013
Carlyle Group has closed Carlyle Partners VI at $13 billion, making it the largest U.S.-focused fund in the private equity industry since the 2008 financial crisis, after an 18-month effort that ended about $1 billion oversubscribed.
2 min read · 25 November 2013
The $118 billion Teacher Retirement System of Texas may commit between $2 billion and $3 billion to private equity funds in 2014 in order to maintain its targeted allocation, with incumbent sponsors expected to receive the bulk of the investments.
4 min read · 25 November 2013
Stepping up its exits and acquisition activity while on the fundraising trail, Aurora Capital Group has inked its sixth deal of 2013 with the sale of Porex Corp to Filtration Group at an enterprise value of $500 million, as the Los Angeles-based private equity firm raises capital for its Aurora Resurgence Fund II and mulls plans to market its flagship fund as early as 2014.
3 min read · 25 November 2013
Robert Grady, chairman of the New Jersey Investment Council, said the $75 billion pension system is in the process of choosing a new chief investment officer, and has reviewed more than 100 candidates. Grady, a Carlyle Group veteran and current managing director of Cheyenne Capital, said private equity has helped the pension outperform other big retirement funds.
8 min read · 25 November 2013
1 min read · 22 November 2013
