San Diego County Employees' Retirement Association related stories
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Privately Speaking: Frank Tang of FountainVest PartnersFountainVest raised $1.35bn for its second China fund in eight months, despite its relative youth and lack of track record. Drew Wilson met with CEO and managing partner Frank Tang to find out what this tells us about the firm – and about the maturing private equity landscape in China.
- FountainVest: ‘China is not going to turn back’
FountainVest CEO Frank Tang told board members of a San Diego pension that China was unlikely to reverse its course on open markets and strong regulations.
- Capital International holds final close on $3bn
The firm’s sixth emerging markets fund will not focus on one particular region and will instead opt for a global approach.
- TPG launches sixth Asian fund
TPG has come back to the market with its sixth Asia vehicle, targeting $4bn. The firm allowed LPs to lower their commitments by as much as 10% on its previous Asia fund in 2009.
- San Diego pension considers consultant RFP
The $9.1bn retirement system would finalise its decision on the general investment consultant RFP on 18 April.
- EQT prepares next exit after €4.75bn fund close
As the firm toasts one of the biggest European final fund closes since the collapse of Lehman Brothers, EQT is hard at work planning its next exit: the sale of Danish business KMD.
- EQT set to hit €4.75bn hard-cap
The firm has collected more than €4bn for control-oriented, mid-market investments in Sweden, Germany, Norway and Denmark as well as secondary activity in Central Europe.
- NY Teachers’ eyes European distressed debt
As the sovereign debt crisis creeps its way across Europe, Oaktree’s European Principal Fund III has picked up another $100m for distressed-for-control deals.
- San Diego commits more to drug royalties
The San Diego County Employees' Retirement Association has committed $25m to DRI Capital’s Drug Royalty II Co-Investment Fund. The $7 bn pension previously committed $25m to Drug Royalty II.
- Pension discloses GIP, Macquarie performance figures
In a recent meeting, a San Diego pension offered a rare glimpse at internal rates of return and performances of two heavy-hitting infrastructure investors - Global Infrastructure Partners and Macquarie Infrastructure Partners.