Private Equity
A lot of money has poured into emerging manager portfolios over the last decade.
3 min read · 12 August 2013
KPS II, a 2002 vintage turnaround fund, is the $9.2 billion Connecticut State Employees Retirement System’s top performer as of Dec. 31, 2012. That fund posted an IRR and multiple of 63.6 percent and 3.5x.
2 min read · 09 August 2013
As part of Preqin’s annual effort to assess the performance of the private equity fund universe, the private equity data provider has produced a “league table” showcasing the firms whose funds consistently outperform their peers. Historically, private equity has demonstrated a stronger correlation between past performance and future results than almost any other asset class, one of the main reasons that competition is so fierce among investors to commit money to managers with consistently strong fund performance.
2 min read · 08 August 2013
In a court case that could add a new risk factor to some deals, the First Circuit Court of Appeals last month ruled in favor of the New England Teamsters and Trucking Industry Pension Fund, which argued that two investment funds managed by Sun Capital Partners were liable for $4.5 million in pension liabilities for Scott Brass Inc, a Sun Capital portfolio company that went bankrupt in 2008.
4 min read · 07 August 2013
Want to find out the latest private equity return data from the most prominent US state pension funds? Buyouts has been compiling a database of the most recent state pension fund private equity return data that is available. The database currently comprises private equity fund performance and information from some 28 pension funds, including more than 1,500 2007 vintage and older funds with more than 500 domestic buyout funds and more than 400 domestic venture capital funds in that dataset. Most of the data are as of Dec. 31, 2012.
1 min read · 06 August 2013
The Oregon Investment Council, which manages $80 billion in state funds, has pledged $100 million to Reservoir Capital Group’s debut energy and resources fund, Reservoir Resource Partners LP. The fund plans to invest in energy, natural resources and power generation companies. The firm is seeking to raise $1.5 billion.
2 min read · 06 August 2013
A 1996 vintage energy-focused fund is the top performer for the $12 billion Public Employee Retirement System of Idaho as of December 31, 2012. The analysis ranks the top five and bottom five performers of 2012 looking at vintages from 2010 and older. Secondaries funds were not included in the research for this scorecard.
2 min read · 18 July 2013
2 min read · 16 July 2013
Technology-related buyouts, distressed deals and European buyouts are bringing in the top dollars for the $255 billion California Public Employees’ Retirement System as of Dec. 31, 2012.
2 min read · 03 July 2013
2 min read · 03 July 2013
