New Mexico State Investment Council related stories
All articles and analysis
Side Letter: Ukraine's Horizon hits first close; PEI buys FundFilter; BC's PE departuresUkraine's Horizon Capital has reached a first close on its latest flagship despite the country's humanitarian crisis. Plus: PEI Group has acquired the FundFilter analytics platform and BC Partners is losing three senior executives. Here's today's brief, for our valued subscribers only.
Side Letter: GP-led alignment; PE's PM predictions; ESG's Florida foeAlignment in continuation fund transactions may be a tangled web, but routes to success remain, as we explore below. Plus: UK deal certainty could benefit from a leadership change and Florida's ESG crackdown could prove a headache for GPs. Here's today's brief, for our valued subscribers only.
Side Letter: EQT's health kick; Texas ERS goes large; PE's cybersecurity pushEQT is taking its healthcare heritage further afield. Plus: Texas ERS raises its private equity exposure to avoid a major slowdown in commitment pacing; and managers are spending big on cybersecurity this year. Here's today's brief, for our valued subscribers only.
Texas ERS ups PE allocation to limit programme scale-backThe $36bn pension, which counts Advent, TPG, Hg and Industry Ventures among its long-standing GP relationships, was overallocated to PE by more than 6 percentage points.
Side Letter: TDR's secret to success(ion); Partners Group's Japan headTDR Capital's rapid fundraising progress reminds us that succession need not be disruptive. Plus: Partners Group has appointed a Japan private equity head. Here's today's brief, for our valued subscribers only.
TDR close to beating €4bn target for Fund V with initial closeThe firm, which closed its acquisition of UK supermarket chain Asda last year, expects to wrap up fundraising by the end of the third quarter.
Side Letter: Carlyle chief resigns; Apollo's next biggest fund; a16z's wealth playCarlyle CEO Kewsong Lee steps down. Plus: Apollo believes private wealth could spawn its largest product within just 12 months; Tech investor a16z is turning wealth manager; and details on Carlyle's decarbonisation-linked financing programme. Here's today's brief, for our valued subscribers only.
New Mexico rues numerator effect on TDR investmentNMSIC cut its commitment to Fund V due to the outperformance of investments in prior TDR funds, showing that even top managers are facing cutbacks.
Side Letter: Moonfare mulls M&A; Secondaries advisers proliferate; AIMCo's PE appetiteA proliferation of tech-enabled fundraising platforms could result in a wave of consolidation led by industry leaders. Plus: The latest advisory survey from Secondaries Investor goes some way to explaining a spate of new intermediaries, and why GPs should take heart from Alberta's private equity appetite. Here's today's brief, for our valued subscribers only.
Side Letter: PE and the Ponzi scheme; Oregon's denominator decisionPrivate equity's predilection for selling to itself has led to an unflattering comparison with Ponzi schemes. Plus: How Oregon plans to deal with the denominator effect and what CDPQ considers its sweet spot. Here's today's brief, for our valued subscribers only.