Private Equity
The $118 billion Teacher Retirement System of Texas may commit between $2 billion and $3 billion to private equity funds in 2014 in order to maintain its targeted allocation, with incumbent sponsors expected to receive the bulk of the investments.
4 min read · 25 November 2013
Finnish institution The State Pension Fund (VERS), which has about €16 billion of assets under management, is searching for a fund of funds to which it can commit about €100 million to invest in emerging markets private equity managers, according to documents provided to sister publication peHUB by the system.
1 min read · 21 October 2013
TCW Group continues to shop for more top quartile funds and other properties to compile an “all-star team” after the Los Angeles money management firm with $130 billion in assets paid an undisclosed sum to buy Craton Equity Partners, a private equity firm that survived a downturn in green investing after the financial crisis.
3 min read · 01 October 2013
GenNx360 Capital Partners has raised at least $346.9 million for GenNx360 Capital Partners II LP as the industrial business-to-business buyout shop founded by Ronald Blaylock and General Electric Co veterans looks to surpass the size of its inaugural fund by $150 million.
2 min read · 27 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
Fundless mid-market private equity firm Rotunda Capital Partners has exited its investment in Worldwide Express after growing the UPS logistic provider’s revenue by about 3x in four years.
2 min read · 20 August 2013
A lot of money has poured into emerging manager portfolios over the last decade.
3 min read · 12 August 2013
In a move reflecting broad industry trends, the New York City Public Pension Funds system continued its shift in its investment focus toward growth capital investments and away from venture capital this summer.
7 min read · 12 August 2013
New York City Public Pension Funds marked its largest commitments yet to private equity via marquee funds from Apollo Global Management and CVC Capital Partners. It was part of an overall $1.3 billion series of pledges by the $137 billion retirement system that also included first-time commitments to several emerging managers.
3 min read · 25 July 2013
All the talk of zombie funds and the difficulty raising money has obscured a remarkable trend. Chicago buyout shop Winona Capital Management and a host of emerging managers are making substantial progress on debut, second and third funds.
3 min read · 23 July 2013
