Private Equity

News

Pennsylvania state employees’ pension reduces PE target and redirects to microcap stocks

Recently hired CIO Seth Kelly wants to think about the $34.8bn pension's public and private equity holdings in 'totality'.

3 min read · 11 May 2021

Side Letter: Pension giant's sub line woes; DE&I heads online; Hillhouse eyes $18bn

A UK pension giant is becoming frustrated over subscription credit lines and their impact on deployment pacing. Plus: Hillhouse said to be nearing an $18 billion close and why online fundraising platforms could help solve PE's DE&I problem. Here's today's brief, for our valued subscribers only.

3 min read · 11 May 2021

UK’s LGPS pension fund frustrated by GPs’ use of sub lines

Ian Brown, head of private markets at the roughly $52bn pension pool, has said subscription credit lines' main benefit is to inflate returns for managers at the expense of investors.

3 min read · 11 May 2021

Abingworth raises $582m

Abingworth Clinical Co-Development Fund 2 holds a final close.

1 min read · 10 May 2021

SJCERA outlines 2021 private equity pacing plan

The US public pension has a private equity target of 5% to 6% of its investment portfolio.

2 min read · 10 May 2021

GP stakes: Watch where you tread

The proposed mega-merger between Dyal Capital Partners and Owl Rock suggests criticisms of the GP stakes market could have merit. What are the implications for one of PE’s fastest-growing strategies?

10 min read · 10 May 2021

Side Letter: AlpInvest's ESG credit facility; FirstPoint's Eaton hire; CAPZA's hard-cap

Carlyle subsidiary AlpInvest has secured an ESG-linked credit facility. Plus: FirstPoint Equity has snapped up an Eaton veteran and David Enriquez, of NYC's Bureau of Asset Management, is returning to his former employer. Here's today's brief, for our valued subscribers only.

4 min read · 10 May 2021

Border to Coast confirms $632.3m in commitments

The UK pension pool has approved commitments to six private equity vehicles.

1 min read · 10 May 2021

NYC's Enriquez to join Rothschild's private equity business

The head of private equity at the $251bn New York City Retirement Systems left this week.

2 min read · 07 May 2021

MassPRIM committee member highlights increase in diverse alts managers

C LaRoy Brantley's comments come as the $90bn pension seeks to conform to a new law requiring greater diversity among its investment managers.

3 min read · 07 May 2021

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