Private Equity
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
LPs need to be pushing harder to realise value from venture funds that are 10-12 years old, a report suggests – which may be good news for secondaries players.
3 min read · 19 September 2013
The credit markets may have cooled slightly in the second quarter, but the latest S&P figures show there was no slowdown in the volume of dividend recaps.
3 min read · 19 September 2013
Canadian private equity firm Onex Corp is preparing to sell The Warranty Group, a provider of extended warranty contracts, which is expected to fetch more than $1 billion, two people familiar with the matter said this week, Reuters reported.
1 min read · 17 September 2013
Buyout and mezzanine funds based in the United States have raised $100.5 billion in capital commitments from institutional investor year-to-date in 2013. Overall fundraising remains behind last year’s pace, when buyout funds managed to collect $120.2 billion in commitments.
1 min read · 16 September 2013
A consortium of Ares Management LLC and the Canada Pension Plan Investment Board reached a deal to buy luxury U.S. retailer Neiman Marcus Inc for $6 billion from a group of investors led by private equity firms TPG Capital LP and Warburg Pincus LLC, sister news service Reuters reported.
3 min read · 09 September 2013
The Los Angeles City Employees’ Retirement System has chosen American Securities, one of its existing fund managers, for a $30 million commitment to a vehicle focused on distressed debt investments.
2 min read · 29 August 2013
Bi-Lo Holdings, the ninth-largest traditional supermarket chain in the United States, is planning an initial public offering later this year and has tapped banks to lead the deal, two sources familiar with the matter told sister news service Reuters.
2 min read · 21 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
A total of 18 of the university’s 29 venture funds with vintages of 2007 to 2012 were in the black
2 min read · 19 August 2013
