Private Equity
New York City Comptroller Scott Stringer recently hired Scott Evans, a 27-year veteran of the Teachers Insurance and Annuity of America-College Retirement Equities Fund as chief investment officer at an annual salary of $224,000. While a nice salary relative to conventional white-collar jobs, the compensation is not competitive compared to the private financial sector.
3 min read · 09 June 2014
Crescent Capital Group has collected about 239 million euros ($326 million) in commitments for its debut Crescent European Specialty Lending Fund, according to a person with knowledge of the fundraising.
1 min read · 06 June 2014
A lengthy fundraising may be coming to an end. BV Investment Partners, which was founded in 1983 as Boston Ventures and re-branded in 2010, has collected $262 million for its eighth fund. Fund VIII has been in the market since 2012 targeting $400 million.
1 min read · 05 June 2014
Apollo Global Management has lined up about $2.2 billion in potential oil and gas investment via three partnerships in April, May and June as co-founder Leon Black pursues energy as one of two major themes for the New York-based private equity titan.
2 min read · 04 June 2014
The CapStreet Group held open its fourth buyout fund to accommodate a last minute, existing limited partner from its prior fund, according to George Kelly, the firm’s chairman and chief executive.
1 min read · 03 June 2014
The attached is a list of the private equity firms that are are expected to return to the market to raise new funds in 2014
1 min read · 03 June 2014
Volkert Doeksen, the chairman and managing director of The Carlyle Group’s private equity fund of funds, AlpInvest Partners, has been transferring day to day management responsibilities to other executives at the group over the past two years.
2 min read · 02 June 2014
ProA Capital de Inversiones, a Madrid-based firm formed in 2007, is back in the market targeting 325 million euros ($442 million) for its second fund, according to a person with knowledge of the fundraising.
1 min read · 02 June 2014
The Pennsylvania Public School Employees’ Retirement System has removed documents for about 150 alternative investments from a website accessible to the public, in order to comply with confidentiality requests from managers.
2 min read · 30 May 2014
The Pennsylvania Public School Employees’ Retirement System is choosing secrecy over transparency for its private equity program.
2 min read · 29 May 2014
