Virginia Retirement System related stories
All articles and analysis
Secondaries Special: Crowding the marketNew entrants to the private equity secondary market are attracting talent and capital that was previously the sole preserve of dedicated secondaries investors. Graham Winfrey reports
- GIP raises record $8.25bn
Global Infrastructure Partners’ second fund – the largest infrastructure fund ever raised – has reached its revised hard cap, bringing its assets under management to more than $15bn.
- Report: Madison Dearborn closes Fund VI on $4.1bn
The target for Fund VI was originally $10bn, which was cut to $7.5bn in 2008.
- Virginia reports 28% loss on real estate investments
In the year to the end of June, Virginia Retirement System’s real estate portfolio returned -28.3% compared to a 19.8% benchmark. The pension has lost $12.2bn in value in 12 months.
- LPs gear up for Lehman asset sell-off
LPs in Lehman's private equity funds have retained Kirkland & Ellis and private equity advisor StepStone to guide them through the auction of Lehman's venture and private equity funds. The bank hopes to close deals in the first quarter of 2009.
- Virginia approves $620m in fresh commitments
The state’s retirement system has committed to six alternative investment funds, weeks after increasing its private equity and real estate allocation to 10 percent.
- Summit closes first Europe fund, fourth mezz fund
The Boston-based firm has raised €1bn for growth capital investments in Europe and $825m for a global subordinated debt fund.
- Virginia Retirement increases private equity allocation
The state retirement system has increased private equity and real estate allocations by 3 percent, saying it wants more flexibility in its investments.
- Vornado bows to Blackstone EOP victory
Following the exit of Vornado Realty Trust from the bidding, Equity Office’s shareholders have given the green light to the largest private equity deal to date by approving Blackstone’s offer of $39bn. The deal includes a Blackstone equity cheque of $3.75bn.
- New $465m sub-debt fund for Summit
Summit Partners, the private equity firm with offices in Boston, Palo Alto and London, has closed a new $465 million subordinated debt fund.