Fundraising

Giant Dutch pension fills out NY private equity investment team

APG Asset Management, the New York-based investment group of the huge Dutch pension administrator, has rounded out its senior investment team with the recent hire of Michael Dymond as a senior portfolio manager, a spokesperson told sister website peHUB.

Riverside scores second-largest gain in its history on exit

The Riverside Company has scored a major exit that marks the second-largest gain in its 25-year history.

Florida SBA considers slight hike in private equity target

The Florida State Board of Administration is considering increasing its target to private equity by 1 percentage point as it reduces its target to fixed income, according to sister publication peHub.

Citi sells off another private equity group

The Volcker rule has claimed another victim.

Washington moves encourage buyout shops

Buyout pros have felt like political punching bags in the wake of the financial crisis, with legislators and regulators imposing unprecedented new obligations, but as the clock winds down on 2013, a series of votes in Congress and at the Securities and Exchange Commission are giving the industry some encouragement that 2014 may be a better year.

Flurry of IPOs provides exits for some mega-buyouts; others languish

A flurry of recent initial public offerings has paved the way for successful exits for the sponsors of the some of the biggest leveraged buyouts of the past decade, but the fate of the remaining handful of companies in private equity portfolios remains uncertain at best.

Carlyle forms strategic account with PA SERS

The Carlyle Group has formed a strategic account with the Pennsylvania State Employees’ Retirement System, sister news service peHUB reported.

Connecticut’s Treasurer considers $150 mln pledge to Carlyle BDC

Connecticut’s state Treasurer Denise Nappier is considering a $150 million commitment to a business development company organized by The Carlyle Group that is seeking up to $1 billion, according to a spokesperson, sister news service peHUB reported.

Barclays spinout eyeing up to $1 bln for debut fund

A new firm formed by former distressed debt executives from Barclays is preparing to hit the fundraising trail in search of about $1 billion, according to two people with knowledge of the situation, sister news service peHUB reported.

High Road Capital closes Fund II at $320 mln hard cap

High Road Capital Partners, a New York-based buyout shop founded by a group of investing pros from The Riverside Company, has received a much warmer reception for its sophomore fund than it did for its predecessor.