Fundraising

GTCR asks court to dismiss suit over APS

A U.S. district judge is scheduled next month to consider dismissing a suit filed against GTCR by Universal American Corp for allegedly providing misleading information about the financial condition of APS Healthcare prior to its agreeing to buy the company from GTCR.

Florida commits close to $1 bln to alternatives

The Florida State Board of Administration committed $975 million to alternative investments in the first quarter, including $625 million to private equity, according to a summary provided by the retirement system.

Pomona hits overheated market with $1.75 bln Fund VIII

Hitting the market with a fresh new fund for investments in private equity secondaries is a tricky prospect today because of sky-high prices. The trick is to pick your deals carefully, said Michael Granoff, chief executive officer of secondary firm Pomona Capital.

MassPRIM commits $150 mln to Thoma Bravo Fund XI

The Massachusetts Pension Reserves Investment Management board has committed up to $150 million to Thoma Bravo’s 11th fund, which has been targeting $2.5 billion.

BlackRock’s Steenberg: Regulation a big concern

What keeps Russell Steenberg, global head of BlackRock Private Equity Partners, up at night? Government regulation.

LPs want to see your SEC deficiency letters

Sponsors who get caught improperly charging fees to portfolio companies, and who think the issue will stay between them and the US. Securities and Exchange Commission, could be in for a big surprise.

AlpInvest adding energy, infrastructure team

AlpInvest Partners, the private equity fund of funds manager owned by The Carlyle Group, is in the process of building an in-house energy and infrastructure team, according to two people with knowledge of the situation.

NYC on the lookout for head of private equity

The New York City Retirement System, which has almost $150 billion in assets under management, is searching for a candidate to run its private equity program.

GPs, LPs ponder SEC’s thinking on co-investments

Sponsors and their limited partners aren’t sure what to make of the U.S. Securities and Exchange Commission’s plans, if any, on regulating co-investments.

Vector Capital brings in new IR head amid departures

Departures at Vector Capital have been adding up in recent months, though the firm has also continued hiring.