Private Equity
The Oregon Investment Council, which runs the approximately $60 billion Oregon Public Employees Retirement Fund is invested in some 37 debt-related investment vehicles including, distressed debt, mezzanine and special situations funds.
2 min read · 21 March 2013
By naming Christine Pastore as Vista Equity Partners’s first-ever chief of investor relations, the firm is signaling, she said, that “it definitely expects to be a larger firm.” She said that Vista expects to come back to market with its fifth flagship fund in 2014, just two years after closing Fund IV.
3 min read · 19 March 2013
Windjammer Capital Investors, a credit-focused private equity firm, closed its latest flagship fund, Windjammer Senior Equity Fund IV LP, with $726 million in commitments, slightly above the fund’s original $700 million target.
1 min read · 18 March 2013
New York City Police Pension Fund had a bumper year of commitments in 2006 investing in some 25 private equity vehicles (not including secondary funds)—its largest vintage year of commitments by number. Here we include the top ten buyouts funds it committed to that year (excluding secondary vehicles) and compare the results to the median, top and bottom quartile multiples and IRRs for the entire New York City Police Pension Fund portfolio, as of June 30, 2012.
2 min read · 15 March 2013
Affinity Equity Partners has held an interim close of $1.4 billion for its latest Asian buyout fund, Affinity Asia Pacific Fund IV LP. The fundraising has been helped along by several investments by U.S. pension funds, notably the Washington State Investment Board, which committed $300 million at its most recent board meeting.
1 min read · 14 March 2013
Neuberger Berman closed on its second co-investment fund, Neuberger Berman Strategic Co-Investment Partners Fund II LP, raising $1.1 billion, substantially more than the original target of $750 million.
2 min read · 14 March 2013
Advent International takes the first and fourth spots of the $165.8 billion Canadian Pension Plan Investment Board’s top ten largest private equity fund managers performance rankings by multiple as of September 30, 2012.
2 min read · 13 March 2013
Franklin Park, a private equity adviser spun out from Hamilton Lane in 2003, is offering its latest series of funds of funds to the firm’s advisory clients, according to a pair of filings with the U.S. Securities and Exchange Commission and one of those clients, the Arkansas Teachers’ Retirement System.
2 min read · 11 March 2013
It was supposed to be the New New Thing in private equity. But separate accounts haven’t proliferated beyond a handful of big pensions. And a surprising amount of the money has gone into commingled funds on much the same terms as that of other big investors.
5 min read · 11 March 2013
The $17 billion New Mexico State Investment Council announced it reached a settlement with Chicago-based Vanderbilt Capital Advisors that awarded the council more than $20 million of the money it lost due to bad investment decisions made in connection with New Mexico’s pay to play scandal. In a related settlement, the $10 billion New Mexico Educational Retirement Board was awarded $4.25 million from the firm.
3 min read · 05 March 2013
