Private Equity
The Indiana Public Retirement System had been searching for a manager for the $150m programme that will invest in funds and companies that have extensive business in the state.
2 min read · 23 January 2014
As it approaches a first close around the €2bn mark, Permira has cut its final target for Fund V to between €4bn and €5bn.
2 min read · 23 January 2014
The Teachers’ Retirement System of Louisiana is the latest institutional investor to back KPS’ Special Situations Fund IV. The predecessor vehicle had generated a 19.3% net IRR as of 30 June.
2 min read · 23 January 2014
China’s institutional investors, which together have $3 trillion in reserves, are taking a slow and cautious approach to private equity real estate, delegates heard at the PERE Asia Summit in Hong Kong.
2 min read · 23 January 2014
KPS Capital Partners’ recent success on the fundraising trail continues with a $50m commitment from the $25.3bn Pennsylvania State Employees’ Retirement System.
2 min read · 23 January 2014
The New York State Common Retirement Fund has also secured a €7.9m secondary stake in Stirling Square Capital Partners Fund II through a separately managed account.
1 min read · 23 January 2014
LPs tend to hold the upper hand before a capital commitment is made to a fund, but afterward the LP-GP relationship becomes much more symbiotic, delegates heard at the PERE Summit: Asia in Hong Kong.
2 min read · 22 January 2014
Nearly nine out of 10 GPs expect to raise new funds over the next 24 months, recent research suggests – with 83% aiming for a vehicle as large as their previous one.
2 min read · 22 January 2014
The Nebraska State Investment Council has also begun to explore the possibility of investing in Asia-focused private equity funds.
1 min read · 22 January 2014
The pay-to-play scandal forced the New Mexico State Investment Council to undertake a dramatic overhaul of its investment and governance policies.
4 min read · 22 January 2014
