Investor Commitments

The Canadian pension fund’s private equity portfolio had been steadily increasing, marking a 5% quarterly increase in its fiscal second quarter ended 30 September.

The Californian pension wants to hire funds of funds managers to help it invest $150m each year until 2018 and is interested in secondaries.

Daniel Green, a veteran secondaries investor, has taken on a broader remit that will cover primaries and secondaries across various private markets.

More US endowments and foundations plan to increase their allocation to private equity than at the beginning of the year, as the search for yield continues.

The lower mid-market firm launched the fund earlier this year targeting $200m to invest in entrepreneur and family-owned business in five core sectors.

Thoma Bravo’s funds have satisfied their LPs to justify their streak of no preferred return going forward.

The close of the West Africa-focused fund comes amid a muted year of fundraising for Africa.

Riverside Micro-Cap Fund IV closed on $650m, including a 5% GP commitment, and has already made two platform acquisitions so far.

The latest monthly report from the largest US pension fund shows its commitment to two private equity funds totalling almost $1bn, while it decided to forego committing to a KKR vehicle.

Some of the top-performing US LPs made commitments to multiple funds in the top 10, which together account for more than half of the $106bn amassed in Q2.