Private Equity
The Los Angeles County Employees Retirement Association spent the last several years building a private equity portfolio with plain vanilla buyout funds, committing heavily to large and middle-market vehicles managed by established domestic managers. Now, the $47.7 billion pension wants more of a swirl.
5 min read · 20 April 2015
The following hires, promotions and appointments are for the April 20, 2015, issue of Buyouts.
5 min read · 20 April 2015
Blackstone Group is off to a strong start with its latest flagship fund, with plans to hold a first close on about $10 billion this month, according to limited partner documents and market sources.
4 min read · 20 April 2015
The Washington State Investment Board approved the largest commitment it has ever granted to Blackstone Group on April 17, committing $500 milliion to Fund VII, spokeswoman Liz Mendizabal said in an email.
2 min read · 17 April 2015
Kentucky Retirement Systems will explore launching a private equity co-investment program in the next 12 months, CIO David Peden told Buyouts.
2 min read · 16 April 2015
The University of Michigan Board of Regents disclosed $55 million of new commitments to private equity funds in its April meeting materials.
1 min read · 16 April 2015
Former U.S. Secretary of the Treasury Henry “Hank” Paulson wants the government to tax carried interest as regular income, rather than as a capital gain, he said at a Politico event hosted by Nasdaq in New York City on April 15.
3 min read · 15 April 2015
The Los Angeles City Employees’ Retirement System disclosed three private equity commitments totalling $90 million in its April 14 meeting materials.
1 min read · 14 April 2015
The firm, which has been fundraising since October 2013, will focus on maximising value in its remaining portfolio
3 min read · 14 April 2015
The appointments come a few months after the Scandinavian firm strengthened its ESG team
2 min read · 14 April 2015
