North America

Virginia Retirement System PE returns fall to 6.6% for 2016

The public pension plan saw private equity returns decline from 8.3% in fiscal year 2015 and 23.2% in 2014.

Apollo spies a bargain in $4.3bn Rackspace price tag

Apollo’s take-private transaction with the cloud computing company shows a discounted price, but for a company in the midst of a strategic transition that remains unproven.

Strategic Partners surpasses Fund VII hard-cap

The Blackstone unit, which launched its latest secondaries fund a year ago with a $6.5bn hard-cap, is yet to hold a final close on the vehicle.

Just closed: Apollo Global Management raises $3.2bn

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Texas ERS lowers expected PE commitment for 2017

The $25bn pension fund is pulling back its commitment level to private equity to avoid the denominator effect as its overall fund is growing more slowly than expected.

Abry boosts carry to 30% with new fund

The Abry Heritage Partners fund will focus on the lower mid-market, targeting deals between $20m and $50m.

OMERS: Brexit has ‘raised the bar’ for UK investments

Despite challenges, the UK will remain a ‘safe haven’ for investment, says global private equity head Mark Redman.

Just closed: Summit Partners raises $2.35bn

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Just closed: Stellex Capital raises $586m

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LACERS to issue RFP for private equity consultant

The LA city employees' pension, which has worked with Portfolio Advisors since January 2014, is looking to lower its fee structure with the firm.