Private Equity
The CapStreet Group has held a final close on $325 million, the hard cap, for its fourth fund, George Kelly, the firm’s chairman and chief executive officer, confirmed.
1 min read · 28 April 2014
The New York State Teachers’ Retirement System committed $460 million to private equity and venture capital in the first quarter, according to a commitment summary from the system.
2 min read · 24 April 2014
The Massachusetts Mutual Life Insurance Co. is close to wrapping up a deal to sell an estimated $250 million portfolio weighted toward mid- market buyout funds, according to two people with knowledge of the situation.
2 min read · 23 April 2014
The Canada Pension Plan Investment Board has become something of a white knight for a few private equity managers with aging funds they can’t seem to close.
3 min read · 22 April 2014
Palladium Equity Partners has held a final close on its fourth private equity fund, beating its original target and cap by collecting $1.14 billion, the firm confirmed.
2 min read · 21 April 2014
The Blackstone Group has held a final close on its Tactical Opportunities Fund at $5.6 billion, a sum earmarked for alternative investments across a variety of strategies, including private equity, real estate, credit and energy.
1 min read · 18 April 2014
A U.S. district judge is scheduled next month to consider dismissing a suit filed against GTCR by Universal American Corp for allegedly providing misleading information about the financial condition of APS Healthcare prior to its agreeing to buy the company from GTCR.
3 min read · 17 April 2014
The Florida State Board of Administration committed $975 million to alternative investments in the first quarter, including $625 million to private equity, according to a summary provided by the retirement system.
1 min read · 16 April 2014
Hitting the market with a fresh new fund for investments in private equity secondaries is a tricky prospect today because of sky-high prices. The trick is to pick your deals carefully, said Michael Granoff, chief executive officer of secondary firm Pomona Capital.
2 min read · 15 April 2014
The Massachusetts Pension Reserves Investment Management board has committed up to $150 million to Thoma Bravo’s 11th fund, which has been targeting $2.5 billion.
1 min read · 15 April 2014
