New York State Common Retirement Fund related stories
All articles and analysis
Fund Terms Grow Sweeter; Bain Expected To Offer 20% Carry: CORRECTEDWant to know what's going on with partnership terms and conditions? Let's just say it's a good time to be a limited partner. State plans such as California Public Employees' Retirement System, New York State Common Retirement Fund, New York City Retirement Systems and the Washington State Investment Board, together with their advisers, are successfully applying pressure on terms—and not just on softer items like key-person provisions but on core economic terms like management fees that directly impact general partner economics, said Michael Harrell, a partner at Debevoise & Plimpton who represents such blue-chip names as Clayton, Dubilier & Rice and Oaktree Capital. "Even the best, most established firms are pushing against the wind," he added. Indeed, it looks like Bain Capital http://www.baincapital.com the Boston shop that moved to a 30-percent carried interest more than a decade ago, may have trouble staying at that lofty perch.
- Return Data Galore: All Your Favorite Links
Looking for return data? We have return data. Or rather, we have links to return data. Click "read more" below to get links to return data from nine pensions. The editorial team of sister publication Buyouts Magazine has been hard at work compiling all these numbers into a spreadsheet for our annual look at industry returns. Altogether our database has 443 U.S. and international buyout funds and turnaround/distressed funds spanning vintage years 1981 to 2005. Of those, we have investment multiples for 366 of them. And the quartile dividing lines? These probably won't come as a big surprise for dedicated students of industry performance. It takes an investment multiple of 2 to crach the top quartile, 1.5 is median and 1.2 marks the bottom quartile.
- peHUB Wire: Monday, September 20, 2010
Risky Business
- peHUB Wire: Monday, September 20, 2010
Risky Business
Quadrangle to Pay $7M to Settle Kickback ScandalPrivate equity firm was accused by NY AG of improperly obtaining a $100M investment from New York Common
- Quadrangle settlement revives plans for new fund
The Quadrangle Group agrees to pay $12M in settlements over kickback scandal
- LP Briefs, March 2010
News briefs about the Canada Pension Plan, Iowa Public Employees, LA City Employees’, New Mexico Educational Retirement Board, New York Common, NY State Teachers’, Oklahoma Police and Penn SERS
- NY State Common Claims Placement Agent Workaround
CIO Raudline Etienne says emerging managers program will help address ban on placement agents
- Bunker Hill two-thirds to finish line
Boston firm aims to raise $250M