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Productivity

5 takeaways from new study on the economic effects of PE buyouts

Research by Harvard and the University of Chicago examined more than 9,000 US buyouts over a 30-year period to get to the bottom of private equity’s impact on productivity, compensation and job creation.
LACERS

LACERS increases investment pacing as it looks to trim GP relationships

The pension system will also consider commitments to strategies designed to outperform in down markets, investment committee meeting documents show.
Secondaries shopping

Rhode Island charges ahead with new secondaries strategy

The pension system picked up secondaries stakes in Industry Ventures, Paine Schwartz and Eureka Equity funds.
performance watch

Performance watch: Leonard Green’s mega-buyouts

The firm is raising almost $12bn in capital across two funds focusing on mega-buyout and mid-market buyouts strategies.
Boston

TA seeks up to $1bn to double down on its strong performers

TA Select Opportunities Fund, which will pick up stakes in companies its main fund is selling, won’t charge a management fee and will instead collect fees from portfolio companies.
Scott Chan, CalSTRS

How private equity managers can do business with CalSTRS

The $240bn pension’s deputy CIO Scott Chan details how CalSTRS’ ‘collaborative model’ is the blueprint to achieving its goal of being the partner of choice for its managers.
Washington

OPIC relaunch and private equity push faces setback

The US development finance institution's rebrand, including its plans to invest equity as an LP in private equity funds, has been delayed.
Apollo's James Zelter

Apollo, Oaktree top execs warn on regulation and populism

Top executives including Howard Marks and James Zelter expressed concern at last week's PDI Forum about political change and the risk of private equity being ‘squashed’.
Design based on Operational Excellence awards

OpEx Awards winner Americas: L Catterton – Zarbee’s Naturals

Zarbee’s Naturals was transformed from its origins as a paediatric cough solution to a leading natural health and wellness platform.

Transparency in PE: Uncomfortable but often for the best

The public nature of CalPERS’ decision-making may be giving competitors an edge.
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