Home Authors Posts by Gregory Roth

Gregory Roth

The $265 billion California Public Employees’ Retirement System, the largest pension in the United States, approved its biggest private equity commitment so far in 2013, pledging $547 million to The Carlyle Group’s newest flagship fund, Carlyle Partners VI LP, according to board meeting materials made public by CalPERS. A CalPERS spokesman declined to comment further.
In a court case that could add a new risk factor to some deals, the First Circuit Court of Appeals last month ruled in favor of the New England Teamsters and Trucking Industry Pension Fund, which argued that two investment funds managed by Sun Capital Partners were liable for $4.5 million in pension liabilities for Scott Brass Inc., a Sun Capital portfolio company that want bankrupt in 2008, according to Buyouts, peHUB's sister magazine.
The Oregon Investment Council, which manages $80 billion in state funds, has pledged $100 million to Reservoir Capital Group’s debut energy and resources fund, Reservoir Resource Partners LP, according to Buyouts, peHUB's sister magazine. The fund plans to invest in energy, natural resources and power generation companies. The firm is seeking to raise $1.5 billion.
With a $250 million follow-up commitment from the Oregon Investment Council, Kohlberg Kravis Roberts & Co’s latest flagship fund is within reach of its $8 billion target, a fundraising goal the firm started pursuing nearly two and a half years ago, according to Buyouts, peHUB's sister magazine...
Solera Capital, one of the industry’s few women-led firms, has failed to immediately win a $50 million commitment from the Oregon Investment Council, which opted to table the prospective investment to Solera Capital Partners II LP pending further review, according to James Sinks, a council spokesman. According to Buyouts, peHUB's sister magazine, the new fund has a $350 million target.
Park Hill Group, Larry Thuet, private equity, Jonathan Costello, Pablo Calo
Barry Miller, who has been head of private equity for the New York City Retirement Systems, has decided to join Landmark Partners, a secondary firm to which the pension recently made a sizeable commitment. The timing of Miller’s move raises questions about whether the city, and pensions generally, should have stricter rules governing employees who wish to leave for money managers, according to Buyouts, peHUB's sister magazine...
Solamere Capital, the private equity fund-of-funds and co-investment firm co-founded by Mitt Romney’s eldest son, Taggart Romney, has begun raising its second vehicle, Solamere Capital Fund II LP, according to a government filing...
The Oregon Investment Council, which manages $81 billion in assets, committed $950 million to funds at three private equity firms, according to Buyouts, peHUB's sister magazine. The firms receiving the commitments include Apollo Global Management, Lone Star Funds and The Blackstone Group, confirmed James Sinks, the council’s spokesman...
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.
The $37 billion Tennessee Consolidated Retirement System will soon be looking for a new director of private equity. The pension’s current director, Lamar Villere, told Buyouts, peHUB's sister magazine, that he plans to step down from TCRS at the end of June to become a portfolio manager at Villere & Co., his family’s New Orleans-based money management firm...

Copyright PEI Media

Not for publication, email or dissemination