The global private equity firm is looking at ways to assist liquidity-constrained investors, according to the firm’s largest LP, SVG Capital. SVG expects low distribution levels for the next 12 months.
The £15bn UK charity is set to take advantage of the dollar’s strength against the pound by selling off its private equity interests and ‘rejuvenating’ its portfolio. The revelation follows last week's news that Harvard is set to sell $1.5bn of its private equity investments.
The consolidation of CAM Private Equity and VCM Capital Management will create a single fund manager committing capital to venture, growth capital, buyout, mezzanine, distressed debt and infrastructure funds.
The $37bn university endowment will make substantial cutbacks to its private equity portfolio, which one secondary investor calls a 'sophisticated' move to sell before other LPs do the same.
The Swiss fund of funds investor, which is not a subsidiary to insurance giant AIG, has sold stakes in Avista and Sun Capital at a discount of nearly $7m.
The $147bn US pension will decide today whether it will respond to the denominator effect by increasing the amount it is allowed to invest in real estate to 17% of total assets.
The $147bn pension has responded to the denominator effect by increasing the amount it is allowed to invest in private equity to 15% of total assets. CalSTRS has similarly bumped its real estate allocation.
Dan Slack, executive director of the Illinois State University Retirement System, will replace Bill Morris who is retiring from the Fire & Police Pension Association of Colorado.
The Caisse de dépôt et placement du Québec is adjusting its investment strategies in private equity and real estate in response to the global financial crisis.
Private Advisors 2008-11-01 Staff Writer <italic>Head office</italic>Tel: 1 804 289 60001800 Bayberry CourtFax: 1 804 289 6001RichmondVA 23226<italic>Others offices</italic> New York, NY;United States of AmericaLondon, United Kingdom<strong>ASSETS / FUNDS UNDER MANAGEMENT</st