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LP Radar – August 2016

See the latest PE LP updates, including allocation changes and people moves.

31 August

International Finance Corporation (IFC) has approved $15 million to Sierra Madre Philippines I, a fund targets small and medium size companies in the Philippines and aims to raise $120 million. 

Washington State Investment Board’s private markets committee is going to consider an investment in Warburg Pincus China at its meeting tomorrow. 


30 August

Carsten Stendevad has resigned from the position of CEO in ATP. The firm has already initiated the search for the new CEO and expects to complete the search by the end of 2016.


25 August

Employees Retirement System of Texas has approved a private equity tactical plan for fiscal year 2017 to invest in between six and 10 private equity funds with commitments totaling $750 million.

 

24 August

Los Angeles City Employees' Retirement System has committed $15 million to DFJ Growth 2016 and $10 million each to Polaris Partners VIII and ABRY Heritage Fund.

 

23 August 

TPG has appointed Sanghoon Lee the Partner of the firm. He will manage the private equity investments for TPG Capital Asia in South Korea and further increase the investment exposure in Asia-Pacific region.


22 August

ATP Private Equity Partners committed €34 million last month to DBAG Fund VII Principal Fund, a Frankfurt-based buyout vehicle focusing on the acquisition of small and medium-sized companies.

 

19 August

Texas County and District Retirement System has committed an additional $25 million to Crescent Direct Lending Fund. The transaction was finalised on July 29.

Texas Municipal Retirement System has committed $50 million each to Kainos Capital Partners II and FTV V, a buyout fund and a growth fund respectively.

 

18 August

Montana Board of Investments committed $35 million to Kinderhook Capital Fund V and $20 million to Warwick Partners III, since its last board meeting.

 

17 August 

International Finance Corporation(IFC) proposed to invest $30 million to Hosen Investment Fund III and $15 million to Long Hill Capital Venture Partners I.


16 August 

Nissay Asset Management expressed that it is currently allocating half of the investment to the US, 30 percent to Europe and the rest to Asia Pacific market. It plans to invest three to five PE funds in the coming year and will focus on buyout, growth and VC strategy.

State of Wisconsin Investment Board committed $100 million to GSO Capital Opportunities Fund III, $50 million each to Providence Strategic Growth Partners II and Vista Foundation Fund III, $30 million to Centerbridge Special Credit Partners III and $25 million to Inflexion Enterprise Fund IV.

 

11 August

San Francisco Employees' Retirement System has approved $100 million to FountainVest China Capital Partners Fund III.


10 August  

Erin Leonard will join Minnesota State Retirement System as the next executive director. She will succeed current executive director, Dave Bergstrom, who will retire this December. 

 

8 August

First State Super's chief investment officer (CIO), Richard Brandweiner, will leave the firm to join Leapfrog Investments in January 2017. Damian Graham will be the acting CIO and the firm will look for a permanent replacement.


5 August

MWRA Employees' Retirement System is accepting proposals from investment firms to manage a growth/buyout/special situations mandate. The pension fund may commit up to $8 million to the vehicle.

 

4 August

San Francisco Employees' Retirement System’s board approved a commitment of $100 million to CMC Capital Partners II at its meeting on May 9.

 

3 August

New York State Teachers' Retirement System committed €150 million to IK VIII and £25 million each to Inflexion Enterprise Fund IV and Inflexion Supplemental Fund IV.

 

2 August 

Partners Capital  has separated the roles of CEO and CIO. It appointed Colin Pan new CIO and promoted Euan Finaly, Brendan Corcoran, Richard Scarinci to new partners.

Florida State Board of Administration has committed $125 million to Strategic Investors Fund VIII, $60 million to Post Oak Energy Partners III, $50 million to Asia Alternatives Florida Investor, $20 million to Tiger Iron Special Opportunities Fund and £15 million to Inflexion Enterprise Fund IV.

 

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