StepStone Group related stories
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Credit Suisse hires Parish Capital executiveTracy Harris, a partner with former fund of funds Parish Capital, has joined the Customized Fund Investment Group to work on the bank’s investment partnership with North Carolina.
- NYCERS commits $283m to private equity
The city’s public employees’ retirement system has committed to Carlyle, Landmark and Platinum Equity since December.
- FLAG approaches target for Fund V
The US-based fund of funds has raised nearly 75% of its target for Fund V, which will continue the firm’s strategy of investing in funds of less than $1bn in size.
- Ridgemont closes debut fund above target
The mid-market firm raised $735m for Ridgemont Equity Partners I, which has a portfolio of nine companies.
- StepStone hits $450m hard-cap for secondary fund
The firm exceeded its $350m target, raising a total of $650m for secondaries including separately managed accounts.
- San Diego City hikes private equity allocation
The pension system launched its private equity programme in 2009 and has committed about $600m so far.
- PSERS re-ups $20m to Eureka Growth Capital
Eureka Growth Capital has collected about $83m for its third buyout fund, which is targeting $150m for lower mid-market technology investments in the US.
Los Angeles City Pension Bets On Distressed DebtThe Los Angeles City Employees’ Retirement System has chosen American Securities, one of its existing fund managers, for a $30 million commitment to a vehicle focused on distressed debt investments.
- Wisconsin Hikes Co-Investing To Up To $100M Per Year
The State of Wisconsin Investment Board plans to recruit a professional to add to its five-person private equity team to pursue an in-house co-investment program of up to $100 million a year for the $90 billion state retirement system.