Fundraising

Connecticut’s Treasurer considers $150 mln pledge to Carlyle BDC

Connecticut’s state Treasurer Denise Nappier is considering a $150 million commitment to a business development company organized by The Carlyle Group that is seeking up to $1 billion, according to a spokesperson, sister news service peHUB reported.

Barclays spinout eyeing up to $1 bln for debut fund

A new firm formed by former distressed debt executives from Barclays is preparing to hit the fundraising trail in search of about $1 billion, according to two people with knowledge of the situation, sister news service peHUB reported.

High Road Capital closes Fund II at $320 mln hard cap

High Road Capital Partners, a New York-based buyout shop founded by a group of investing pros from The Riverside Company, has received a much warmer reception for its sophomore fund than it did for its predecessor.

CalPERS CIO Joe Dear back to work full time

Joe Dear, the chief investment officer of the California Public Employees’ Retirement System who was sidelined earlier this year after being diagnosed with prostate cancer, has returned to work, a CalPERS spokesperson told sister publication peHUB.

Strategic Value Partners collects $322 mln for first close

Strategic Value Partners has held a first close on $322 million for its third fund, which has been targeting $1 billion, according to a person familiar with the situation, sister news service peHUB reported.

Pennsylvania State Employee's Retirement System CIO resigns

The chief investment officer of the Pennsylvania State Employees’ Retirement System, one of the oldest and most prolific public system limited partners in the private equity industry, has resigned effective Dec. 31, sister news service peHUB reported.

Pennsylvania Public Schools closes year with over $600 mln in commitments

The Pennsylvania Public School Employees’ Retirement System is closing out 2013 in a big way, committing more than $625 million to alternative investment managers, sister news service peHUB reported.

Odyssey to hit $2 bln hard cap on first close

Odyssey Investment Partners, a middle market-focused firm, has essentially hit its $2 billion hard cap for its fifth fund, according to documents from the Pennsylvania Public School Employees’ Retirement System, sister news service peHUB reported.

House approves cutting back private equity oversight

Legislation to exempt most private equity firms from the registration requirement has taken a step forward. But the end is not in sight.

TCV gets $150 mln from Washington State

Technology Crossover Ventures, which has been raising its eighth fund since last year, scored a commitment of up to $150 million from the Washington State Investment Board, sister news service peHUB reported.