Private Equity
Buyout pros have felt like political punching bags in the wake of the financial crisis, with legislators and regulators imposing unprecedented new obligations, but as the clock winds down on 2013, a series of votes in Congress and at the Securities and Exchange Commission are giving the industry some encouragement that 2014 may be a better year.
4 min read · 17 December 2013
A flurry of recent initial public offerings has paved the way for successful exits for the sponsors of the some of the biggest leveraged buyouts of the past decade, but the fate of the remaining handful of companies in private equity portfolios remains uncertain at best.
3 min read · 17 December 2013
The Carlyle Group has formed a strategic account with the Pennsylvania State Employees’ Retirement System, sister news service peHUB reported.
2 min read · 17 December 2013
Connecticut’s state Treasurer Denise Nappier is considering a $150 million commitment to a business development company organized by The Carlyle Group that is seeking up to $1 billion, according to a spokesperson, sister news service peHUB reported.
1 min read · 16 December 2013
A new firm formed by former distressed debt executives from Barclays is preparing to hit the fundraising trail in search of about $1 billion, according to two people with knowledge of the situation, sister news service peHUB reported.
2 min read · 16 December 2013
High Road Capital Partners, a New York-based buyout shop founded by a group of investing pros from The Riverside Company, has received a much warmer reception for its sophomore fund than it did for its predecessor.
2 min read · 16 December 2013
Joe Dear, the chief investment officer of the California Public Employees’ Retirement System who was sidelined earlier this year after being diagnosed with prostate cancer, has returned to work, a CalPERS spokesperson told sister publication peHUB.
1 min read · 13 December 2013
Strategic Value Partners has held a first close on $322 million for its third fund, which has been targeting $1 billion, according to a person familiar with the situation, sister news service peHUB reported.
1 min read · 13 December 2013
The chief investment officer of the Pennsylvania State Employees’ Retirement System, one of the oldest and most prolific public system limited partners in the private equity industry, has resigned effective Dec. 31, sister news service peHUB reported.
1 min read · 12 December 2013
The Pennsylvania Public School Employees’ Retirement System is closing out 2013 in a big way, committing more than $625 million to alternative investment managers, sister news service peHUB reported.
2 min read · 11 December 2013
