Steve Gelsi

CalSTRS Executive Dies At Age 45 After Bicycle Accident

David Castillo, 45, co-director of global equity for the California State Teachers’ Retirement System, died on July 7 from injuries sustained in a bicycle accident, according to the $166 billion public pension fund.

General Atlantic Draws Another $900M For Growth Equity Deals

General Atlantic, the growth-equity firm that’s taken direct stakes in about 200 companies including Facebook Inc, recently made Form D filings indicating an influx of $623 million, as it positions itself as a global player. A person familiar with the firm said the total influx was actually $900 million, bringing its total current capital base to $7.3 billion.

CalSTRS Executive Dies At Age 45 After Bicycle Accident

CalPERS, CalSTRS PE Portfolios Up Nearly 14 Percent Each

The California Public Employees’ Retirement System and the California State Teachers’ Retirement System reported returns of nearly 14 percent for their private equity portfolios in the past year, the two massive pension funds disclosed in annual reports on investment returns.

CalPERS, CalSTRS PE Portfolios Up Nearly 14 Percent Each

Deal Discipline In The Face Of Easy Credit

Credit markets beckoned with some of the most favorable lending terms in buyouts history. But sponsors nevertheless consummated fewer deals in the second quarter than they did in both the previous and year-ago quarters.

NJ Commits $251M To Vista, CVC

NJ Commits $251M To Vista, CVC

The New Jersey Division of Investment committed up to $251 million to two new 2013 vintage private equity funds, Vista Foundation Fund II and CVC Capital Partners VI LP as it takes aim at opportunities in U.S. software firms and Western European buyouts.

Castle Creek Raises $65M For $250M Fund V: UPDATED

Castle Creek Capital has raised $65 million toward a $250 million target for Castle Creek Capital Partners V, the newest flagship fund for the California-based investor in community banks, according to a Form D filing and the firm’s web site.

Madison Ave.'s Shelly Lazarus Joins Blackstone as PE Firms Cleared to Run Ads

Stephen Schwarzman has heralded the addition of Madison Avenue luminary Shelly Lazarus to the Blackstone Group's board of directors, just as rules prohibiting advertising by private equity firms are being relaxed.