Investor Commitments

The firm, which is backed by two large Danish pensions, has hired a German dealmaker and established an office in Munich.

Documents from PSERS reveal the fund’s hard-cap and performance details of the firm’s previous vehicles.

The $9bn pension, which is slightly overweight to private equity at 6.3% in actual allocation, plans to commit $1.8bn for the fiscal year ending 30 June 2018.

The $138bn pension fund sees high valuations in private equity as a continued challenge.

The vehicle would be the largest ever for the $189bn private equity firm, which is expected to make a GP commitment of at least 3.5% of total commitments.

The sovereign wealth fund is keeping its private equity commitment plan for fiscal year 2018 mostly unchanged, but it will increase its capacity to co-invest.

Individuals in the US have increased their exposure to private equity between Q3 2015 and Q3 2016 more than other types of investors.

The US mid-market firm has amassed just over $1bn for the vehicle, which has already closed two deals.

The private equity firm will pay as much as $804m for the Swiss watchmaker as investors are given an 8 May deadline to commit to its seventh buyout fund.

The New York pension fund, which has almost 8% of its assets in private equity, renewed its contract with TorreyCove Capital Partners as its private equity consultant, effective 1 May.