Private Equity
4 min read · 09 September 2013
The New York State Common Retirement Fund, which oversees $159 billion in assets, committed just under $350 million to a pair of Europe-based private equity funds in July, according to Eric Sumberg, spokesman for Thomas DiNapoli, the New York State Comptroller and sole fiduciary of the state’s biggest pension. The pension had $13.8 billion invested in private equity, about 8.6 percent of its assets, as of March 31. That is slightly below the pension’s 10 percent private equity target.
2 min read · 06 September 2013
Commonfund Capital has closed its latest energy and natural resources fund of funds, Commonfund Capital Natural Resources Partners IX LP, raising $507 million, slightly more than the original $500 million target. Fund IX had been raising money for more than a year, according to Keith Luke, president of Commonfund Securities.
1 min read · 05 September 2013
HIG Capital IV, a 2006 vintage buyout fund that raised $750 million, holds the top spot of the University of California’s buyout-related vehicles, according to data released for year-end 2012 by the university. Not faring so well from that vintage year is J.C. Flowers II LP, which comes at the bottom of the list of buyout performers.
2 min read · 05 September 2013
Born amid the hysteria of the 2008 financial crisis, Apollo Global Management’s seventh flagship fund combined good timing, aggressive bargain hunting and the avoidance of mistakes to land in the top quartile of its 2008-vintage peers, according to the Buyouts returns database.
5 min read · 02 September 2013
HGGC, a prominent Palo Alto, California-based middle-market firm, has named Rich Lawson, a longtime managing partner and co-founder, as its new chief executive, the firm announced. The firm recently changed its name from Huntsman Gay Global Capital.
1 min read · 02 September 2013
Mill Road Capital, a firm that takes small positions in public companies with an eye toward taking some of them private, has so far raised $272 million for its sophomore fund, Mill Road Capital II LP. That is more than half the fund’s $525 million fundraising target, according to a recent regulatory filing.
2 min read · 21 August 2013
The Illinois Teachers’ Retirement System, which oversees $39 billion in assets, has committed a combined $420 million to three firms, including Apollo Global Management, New Mountain Capital and ICV Partners, according to Dave Urbanek, a pension spokesman.
2 min read · 20 August 2013
Timothy Walsh, the innovative chief investment officer in charge of New Jersey’s $74 billion in pension assets, announced that he planned to leave for the private sector effective Aug. 30. Walsh is becoming president and chief operating officer of Gaw North America, the U.S.-based affiliate of Gaw Capital Partners, a major Hong-Kong-based real estate fund manager.
2 min read · 20 August 2013
The $265 billion California Public Employees’ Retirement System, the largest pension in the United States, approved its largest private equity commitment so far in 2013, pledging $547 million to The Carlyle Group’s newest flagship fund, Carlyle Partners VI LP, according to board meeting materials made public by CalPERS. A CalPERS spokesman declined to comment further.
2 min read · 19 August 2013
