Investors

LPs look beyond performance

The stingy fundraising environment requires firms to bring something more to the table than just great performance, according to speakers at Private Equity International’s annual CFOs & COOs Forum in New York.

LACERS bumps allocation to PE

The $10.8bn retirement system shook up its asset allocation mix at its last meeting, increasing its target to private equity to 12% of total assets.

San Francisco splits roles for PE and VC

The $16bn public employees’ pension system has separated the positions of head of venture capital and private equity/buyouts to account for the growth of both portfolios.

Louisiana Teachers’ commits $100m to PE

The $13.1bn retirement system continued its spree of private equity commitments at its first meeting of 2012, allocating $50m to both Energy Capital Partners and Apollo Global Management.

UBS to run NYC private equity secondary sale

The city’s pension system has put an initial offering of about $750m-worth of LP stakes on the secondary market, kick-starting what could be a very busy year for private equity secondaries.

Robert Wood Johnson loses private equity executive

Elaine Chan has left the foundation to join the investment office of The Johnson Company, following well-known LP Rick Slocum, who left Robert Wood Johnson in August to become CIO of the family office.

Study: First close LPs expect fee breaks

Law firm Nabarro says in its annual fund trends survey that 77.8% of investors require a reduced management fee for committing to a first close of a fund.

Orlando takes 'weeks' to raise €200m fund

German special situations specialist Orlando Management is close to wrapping up fundraising for its third fund, having garnered about €200m from institutional investors in a process that took weeks rather than months.

Temasek hires UBS CFO as European president

John Cryan, the former chief financial officer of Swiss investment bank UBS, has become the latest banking figure to join Singaporean sovereign wealth fund Temasek.

Holiday season round-up: Fundraisings

After a number of notable fundraising successes worldwide in 2011, and some failures, several firms launched new funds in the run-up to the Christmas break or held closes.