Investors

Abbott Capital Launches F-o-F To Raise $1B

Abbott Capital Management has begun raising money on its newest flagship fund of funds, Abbott Capital Private Equity Fund VII LP, and aims to raise at least $1 billion, according to a recent filing with the Securities and Exchange Commission.

LP Scorecard: How CalPERS' Asia Funds Are Faring

This week Buyouts takes a look at the top and bottom five performing Asia-focused funds in the private equity portfolio of the California Public Employees’ Retirement System as of September 30, 2012. This does not include country-specific funds such as those funds dedicated exclusively to China, India or Japan.

Tennessee Pension's PE Chief To Step Down

The $37 billion Tennessee Consolidated Retirement System will soon be looking for a new director of private equity. The pension’s current director, Lamar Villere, told Buyouts that he plans to step down from TCRS at the end of June to become a portfolio manager at Villere & Co., his family’s New Orleans-based money management firm.

Texas School Fund Taps Neuberger For $900M Account

The Texas Permanent School Fund, a $26 billion sovereign wealth fund benefiting the state’s public schools, signed up Neuberger Berman to manage a $900 million private equity separate account that will give the School Fund more say over its private equity investment decisions than it previously had with two separate accounts that were launched in 2010. The new three-year mandate was announced at an April board meeting broadcast on the School Fund’s Web site. The School Fund’s chief investment officer, Holland Timmins, declined to comment.

Small Market Deal Of The Year: Smoking-Hot Returns Generated By Labstat

In a little-known Canadian town lies a tobacco laboratory doing some important work you probably never heard of. And that’s just fine with Huron Capital Partners, a Detroit-based private equity firm that seeks out small to mid-market family and entrepreneur-owned companies that are eager to take their business to the next level.

Dolan, Harvard's PE Chief, Resigns

Peter Dolan, the director of private equity and venture capital for the Harvard Management Company, which oversees the world’s largest endowment, stepped down on April 10, according to a person familiar with Dolan’s decision. On an interim basis, Dolan will be replaced by John Shue, according to the source.

LP Scorecard: 1994 CHS Fund A Top Small Buyout Vehicle

In this scorecard, Buyouts takes a look at the top and bottom five performing small buyout vehicles within Washington State Investment Board’s private equity portfolio, according to its most recent performance data as of September 30, 2012.

Providence Moves Beyond Media, Tech With New Debt Fund

Providence Equity Partners has formed a special situations debt fund, Providence Debt Opportunity Fund III LP, which will—for the first time—make investments outside the firm’s core specialization in media, technology and education companies, according to an April presentation made to the Louisiana Teachers’ Retirement System. The fund has a target of $500 million.

Portfolio Advisors Closes 7th F-o-F At $1.1B

Portfolio Advisors, a Darien, Conn.-based fund of funds manager, reached a $1.1 billion close on its latest flagship vehicle, Portfolio Advisors Private Equity Fund VII LP, according to Paul Crotty, a managing director at the firm. The new fund surpassed its original $1 billion target, and came two years after its predecessor, Fund VI, also attracted $1.1 billion in commitments.

U. Penn Taps Endowment Chief From Yale

The University of Pennsylvania tapped Peter Ammon, a colleague of legendary Yale University endowment chief David Swensen, as its next chief investment officer. Ammon, who is 36 years old, has been at Yale for eight years. His new job is set to begin July 1, the first day of the university’s 2014 fiscal year.