State Board of Administration of Florida related stories
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Side Letter: PE fundraising's billionsFundraising has had its third-best year January through end-Sept. Plus: Highlights from Boston Consulting Group's sustainability report and Blackstone delays its life science fund launch. Here's today's brief, for our valued subscribers only.
Side Letter: Florida SBA's secondaries schemeA shift in the LP/GP power balance in favour of LPs is spurring Florida SBA to buy second-hand fund stakes. Plus: Takeaways from last week's BVCA summit; and LPs are facing a brain drain. Here's today's brief, for our valued subscribers only.
Florida SBA to build out dedicated PE co-investment programmeThe $235bn pension system plans to scale direct investing with both existing and new GP relationships.
Side Letter: PE's continuation/co-investment conundrumThe rise of continuation funds is blurring the lines between them and what might be considered a co-investment. Plus: CPP Investments has a buyer for part of its hefty private equity portfolio sale; and Blackstone has raised its latest Tac Opps fund. Here's today's brief, for our valued subscribers only.
Side Letter: QIC's European expansion; PE's healthcare revivalAustralian LP giant QIC just got more firepower in Europe with a mandate from Denmark's PenSam. Plus: private equity's healthcare appetite is making a strong recovery; and findings from iCapital's adviser survey. Here's today's brief, for our valued subscribers only.
FRS Trust Fund approves $1.2bn in PE commitmentsThe US public pension has backed six US-focused private equity vehicles.
Side Letter: Ares' APAC acquisition; PE's LP-led lurch; Hawaii's hungry for PEAres Management's second acquisition in under three years makes sense for both parties. Plus: LPs seeking liquidity are keeping the secondaries market ticking over; and Hawaii is hungry for (a little) more private equity. Here's today's brief, for our valued subscribers only.
Side Letter: PE in a warzone; CalPERS' co-invest update; Tenzing's ascentUkraine-focused Horizon Capital joined us for a moving PEI Presents discussion. Plus: the US's largest pension on co-investing and the tech investor Tenzing is approaching the summit of its third fund. Here’s today's brief, for our valued subscribers only.
Ranking of biggest private equity fundraisers welcomes 39 newcomersA challenging fundraising environment has begun to affect the fortunes of GPs on the road.
LP investments: Growing local rootsIn-state investment programmes have a long history, but are we are seeing a new movement of local investing among some LPs in the US and beyond?