Meritech Capital Partners has closed its fifth fund, Meritech Capital Partners V LP on target at $500 million, according to an SEC filing.
GI Partners has acquired 850 Winter Street in the Reservoir Woods office park, located in Waltham, Massachusetts. The acquisition was made through TechCore, a $1 billion discretionary core real estate fund managed by GI Partners on behalf of the California Public Employees’ Retirement System.
Fundraising was easier and quicker for many GPs during the first three months of the year, according to the Triago Quarterly.
Early investor reaction to the first wave of private equity examinations from the U.S. Securities and Exchange Commission ranges from skepticism, frustration that sponsors don’t provide as much information as investors ask for, to gratitude that the SEC is going to help improve behavior.
Riverstone Holdings, which just last year closed its first fund independent of The Carlyle Group on $7.7 billion, is out talking to limited partners about its next flagship vehicle, according to three people with knowledge of the situation.
The New York State Teachers’ Retirement System will tell you that its private equity portfolio has generated a net IRR of 11.1 percent through the end of June 2013. But don’t ask for the details. The pension fund believes that the returns of individual funds are trade secrets, according to sister publication Buyouts.
The California Public Employees’ Retirement System has named Tom McDonagh acting senior investment officer for real assets, effective April 1, 2014. McDonagh will take over the position vacated by Ted Eliopoulos, who has been named interim chief investment officer upon the passing of Joe Dear, CalPERS chief investment officer. McDonagh is currently a senior portfolio manager in the global fixed income asset class.
Big gains from New Enterprise Associates, Meritech Capital Partners, OrbiMed Advisors and Column Group are driving the performance of CalPERS’ Sacramento Private Equity Partners venture portfolio, according to peHUB‘s affiliate publication, VCJ.
CalPERS has allocated $200 million more to its $12 billion emerging manager program. The new capital will be deployed by a new fund of funds over four years, the California Public Employees’ Retirement System said Monday.
A big gain by Claremont Creek Ventures’ second fund propelled it to the top of the California Public Employees’ Retirement System Golden State Investment Partners’ venture portfolio, displacing Upfront Ventures, affiliate publication VCJ reported.
Stone Point Capital, which is out marketing for its sixth buyout fund, expects to hold a final close this month, sources told peHUB.
Jan 10 (Reuters) – The chief investment officer of California Public Employees’ Retirement System (CalPERS), California’s $282 billion pension fund for public employees, is taking leave to resume cancer treatment, a spokesman said.
Apollo Global Management‘s cornerstone investors and two of its founders are selling a slice of their shares, writes Reuters. Cornerstone investors Abu Dhabi Investment Authority and California Public Employees’ Retirement System, which invested a combined $1.2 billion in Apollo in 2007, have each registered to sell stakes currently worth up to $203.4 million, writes Reuters.
This week there are a handful of venture, mezzanine and alternative investment associate positions up for grabs as well as a senior position as director of institutional alternative investments at UBS Financial Services.
This week there’s an opportunity to apply for an associate position with one of the global fund managing big boys, Blackstone.
Both the $251 billion California Public Employees’ Retirement System (CalPERS) and the $150 billion California State Teachers’ Retirement System (CalSTRS) have openings for investment professionals to focus on private equity.
Emerging markets specialist 57 Stars is on the look out for an investor relations senior associate to assist with fundraising, investor relations, and public relations.
Trying to counter claims aired at a recent state Senate hearing, Joe Dear, chief investment officer of the California Public Employees’ Retirement System, wrote a letter to the hearing chairman saying he was “troubled by testimony that questioned our commitment and intentions” with regard to emerging managers – investment firms that are often managed by women and minorities.