Private Equity
Some investors are starting to look at Spanish funds again – but the country still has a long way to go to convince most LPs.
3 min read · 19 September 2013
Two new funds highlight European venture capital’s need to innovate in order to attract new sources of funding – and overcome the scepticism of institutional investors.
5 min read · 19 September 2013
Family offices are becoming increasingly discerning about how their capital is invested – which may mean partnering with each other instead of private equity GPs.
5 min read · 19 September 2013
The latest performance from some of the biggest public pension plans in the US bode well for other institutional investors’ returns in 2013.
4 min read · 19 September 2013
Buyouts’ analysis of performance data for Indiana Public Retirement System to 31 March, 2013 takes a look at the top ten performers within Indiana’s 2008 vintage funds. CID Capital Opportunity Fund comes out on top, posting an IRR of 31.89 percent and multiple of 1.78x. Crestview Partners II takes second place with an IRR of 27.79 percent and multiple of 1.57x. Third place goes to Apollo Investment Fund VII with an IRR of 24.59 percent and 1.53x multiple.
2 min read · 19 September 2013
The highest-paid public official in many states is—not a big surprise—the college football or basketball coach. But not in Wisconsin. There, the top spot last year went to David Villa, the chief investment officer for the State of Wisconsin Investment Board, who earned $834,000 in total compensation, including a $421,000 bonus, according to Wisconsin’s Dept of Administration. Villa’s pay far exceeded that of Gov. Scott Walker, who earned $143,872.
6 min read · 16 September 2013
After fundraising for two years, Siguler Guff & Company held a final close on its newest small-companies fund of funds, the Siguler Guff Small Buyout Opportunities Fund II LP, having raised $940 million, well above the fund’s original $600 million target.
2 min read · 13 September 2013
One of the nation’s most experienced pension officials, Howard Bicker, the long-time chief investment officer and executive director of the Minnesota State Board of Investment, plans to retire after 32 years in the role, according to the board minutes of the pension’s last meeting. Since Bicker took on the role, the state’s main pension system has achieved returns in excess of 10 percent, the pension reported.
2 min read · 11 September 2013
The $170 billion California State Teachers’ Retirement System, as part of a “subtle” shift to its long-term allocation targets, boosted the amount of money it plans to invest in private equity by 1 percentage point, to 13 percent of its overall portfolio, according to a news release. The increase translates to $1.7 billion.
2 min read · 10 September 2013
Is the $261 billion California Public Employees’ Retirement System due to make a wave of fresh commitments to sponsors? Our analysis of recent board documents from the country’s biggest pension fund suggests that it may be.
3 min read · 10 September 2013
