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peHUB First Read

This morning’s First Read brings you news of AnaCap’s Fund III, the launch of female outfit Aspect Ventures, a ‘one and done’ for Draper Fisher Jurvetson and an inaugural debt fund for Neuberger Berman.

morinng coffee

peHUB First Read

Take a break this morning with the latest news links and discover all about Warburg Pincus’ energy fund plans, Neuberger Berman’s penchant for Latin American deals, why MassPrim is topping the PE performance charts and Pinterest doing it again with its Series E.


Wyoming Earmarks $600M for PE, Snubs Cheyenne Capital

The Wyoming Loan and Investment Board plans to invest $600 million into three separate managed accounts over the next three to five years, with Hamilton Lane and Neuberger Berman each managing $200 million separate accounts. PE shop Cheyenne Capital, which currently manages a separate account for Wyoming, was said to not meet the state’s new requirements due to its size.

Kasser Joins Neuberger Berman

Susan Kasser has joined Neuberger Berman as an MD and head of private debt at Neuberger Berman Alternatives. Kasser joined Neuberger Berman in March and is based in New York. Most recently, Kasser was with the Carlyle Group, where she was a founding member of Carlyle Mezzanine Partners.

A full moon rises behind the Empire State Building and the Chrysler Building over the skyline of Manhattan in New York

New York City Makes Mammoth $1.1B In PE Commitments

The New York City Retirement Systems, the $127 billion group of municipal pensions overseen by the city comptroller’s office, made an impressive $1.1 billion in commitments to five private equity funds in the first quarter, according to Stephanie Hoo, a senior press officer. According to sister magazine, Buyouts, the funds are managed by The Carlyle Group, Platinum Equity…

3i Invests in Brazilian Eyewear Retailer

A consortium led by 3i Group has agreed to acquire Óticas Carol, a Brazilian eyewear retailer from Brazilian entrepreneur Marcos Amaro. As part of the transaction, OC CEO Ronaldo Pereira will significantly increase his equity stake in the company. Institutional investors Neuberger Berman and Siguler Guff are co-investing alongside 3i in the transaction, which is expected to close by the end of March. The combined equity investment amounts to R$108 million (£36.4 million).

Dyal Capital, PE Fund Buying Hedge Firm Stakes, Tops Target

In 2010, Neuberger Berman, the big money manager spun out from the now-bankrupt Lehman Brothers, took a big gamble when it launched a new type of fund that would blur the lines between private equity and hedge funds by purchasing minority stakes in high performing hedge fund managers. More than two years later, the verdict is in…

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