StepStone Group related stories
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Week in deals, July 19, 2010Summary of tech companies and other startups in North America that raised venture financing in the past week
- peHUB Wire: Wednesday, July 14, 2010
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- Florida Buying Piece of Lexington Partners
The Florida State Board of Administration has agreed to acquire a minority ownership stake in Lexington Partners, peHUB has learned. It is believed to be the first time that a state pension fund outside of California has bought into a private equity firm's management company. "Florida has had a multi-pronged relationship with Lexington for a long time, so from that perspective it's not to surprising," explained a source familiar with the deal. "But when you consider how poorly most other deals like this have performed, it's got to make you wonder why Florida would want to double-down on a single firm." Neither Lexington nor Florida is commenting on the deal, but our understanding is that the deal is for a 9.9% ownership position at an enterprise value of around $1.8 billion (consider that last figure to be ballpark -- a very spacious ballpark).
- peHUB Wire: Tuesday, July 13, 2010
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- peHUB Wire: Tuesday, July 13, 2010
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- peHUB Wire: Wednesday, July 7, 2010
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- peHUB Wire: Wednesday, July 7, 2010
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- LP corner, week of May 24, 2010
News briefs about LPs in Kansas, Arizona and Michigan
- peHUB Wire: Monday, May 3, 2010
Random Ramblings