0818Hawaii

Bubble-year funds struggle to get ahead: VCJ

Many bubble-year funds still struggle to turn the corner. This is the case at the Employees’ Retirement System of the State of Hawaii, where mixed results describe a portfolio of 23 funds with vintages of 1998, 1999 and 2000.

08042014bubbles

Bubble-era funds still struggle for gains: VCJ

Venture distributions have been up nicely for the past couple of years, with returns coming not just to contemporary funds but to those from bubble-era vintages that often badly need them.
Still, progress is slow in many cases.

Abbott Capital Raising Its 2013 Vehicle

Abbott Capital Management, a New York based fund-of-funds manager, is raising its newest, Abbott Capital Private Equity Investors 2013 LP, according to a recent filing with the Securities and Exchange Commission.

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Incline Equity, PNC Spin-Out, Labors To Raise First Fund

Incline Equity Partners, a spin-out from PNC Financial Services, appears to be laboring to wrap up fundraising on its first stand-alone fund, Incline Equity Partners III LP, according recently filed data with the Securities and Exchange Commission. The firm, which spun out from PNC in 2011, raised $142.8 million as of the October filing, well shy of the $300 million goal that the firm set…

New York City Commits $600M to Ares, Trilantic, Palladium

New York City’s five pension funds made $600 million in fresh commitments to three private equity funds, according to a spokesman for the New York City Comptroller’s Bureau of Asset Management, which manages their assets. As of June 30, 2012, the five pensions had combined assets of $122 billion. The three new commitments are $300 […]

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Swander Pace Targets $450M For Fund V

Swander Pace Capital, a lower-to-mid-market buyout firm specializing in consumer products companies, has begun raising a new fund, Swander Pace Capital V LP, a person familiar with the offering told Buyouts, peHUB’s sister magazine. The fund has a $450 million target. Founded in 1996, Swander Pace has offices in San Francisco and Bedminster, N.J., and […]

Euro Fundraising and Investment Up in 2011

The European Private Equity and Venture Capital Association has published its annual activity survey, demonstrating robust a fundraising and investment environment. The EVCA Yearbook 2012 reports that 40 billion euros ($51.4 billion) was raised in Europe last year, the highest fundraising level seen since 2008 and an 80% increase on 2010. PRESS RELEASE Today, the […]

Scorecard: San Francisco Builds A Winning PE Portfolio

In a city known for cultivating teams with winning records, be it the Giants or the 49ers, the San Francisco Employees’ Retirement System has built a private equity portfolio whose performance tops anything I’ve come across. The diversified, 249-fund portfolio, dating back to 1987, has achieved an overall investment multiple of 1.65x as of June […]

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