Jay Fewel, OPERF senior investment officer, said over-allocation and the burden of re-upping with existing GPs will leave little money for any group that doesn’t already have an established relationship with the $54.4bn pension.
The residential solar panel installer has now raised $56m in total financing. Venture investment in US solar companies totalled $990m in Q3, a quarter over quarter increase of 66%.
Paul Smith sees increasing interest in co-investment among the firm’s LPs, who have largely upped their commitments for Tenaska’s second US energy fund, TPF II, which closed today on $2.4bn.
IA Partners, founded in March by Italian private equity executives Luigi Capello and Uberto Selvatico Estense, hopes to raise €80m for its lower mid-market fund by this time next year.
The London-headquartered mid-market investor has nearly doubled the size of its previous fund, garnering large re-ups from existing investors like CalPERS.
Exceeding the initial fundraising target by $900m, the Omaha-based private equity affiliate of energy producer Tenaska Energy will seek to invest the second fund across the same sectors as its first US energy fund, which closed on $838m in 2005.
The Namibian joint venture between affiliates of South Africa’s Old Mutual Group will seek a black empowerment enterprise partner for the stake. The fund is targeting investments of around $360m in infrastructure, mining and private equity in 2009.
Aimed at becoming one of the largest owners and operators of cattle and sheep farms in the world, the fund is close to reaching its goal of raising A$1bn to A$1.3bn, says fund director Tim Hornibrook.
The early stage venture firm has raised its first fund since spinning out of TD Bank last year, surpassing its original target of $200m. The fund is targeting between 20 and 25 companies for its portfolio.
The private equity arm of Franklin Templeton will target high growth, mid-sized unlisted companies.