Sam Sutton
The Illinois State Board of Investment will review each of its investment managers to determine if they properly disclosed political donations to Governor-elect and former GTCR chairman Bruce Rauner and other state officials.
Demand for up-and-coming small and middle-market fund sponsors has spiked this year, as several marquee limited partners push for more exposure to emerging managers.
Saybrook Capital’s investment in Total Transportation Services Inc, a transportation and logistics company, drew the ire of organized labor and three of the private equity firm’s limited partners have taken notice.
The California Public Employees’ Retirement System increased its allocation to in-state private equity by committing $80 million to a California-focused separate account managed by GCM Grosvenor, according to a Nov. 5 announcement.
Three pensions plan to raise concerns with an investment by Saybrook Capital in Total Transportation Services Inc, a transportation and logistics company that a California labor division found had improperly characterized truck drivers as independent contractors rather than employees.
The Pennsylvania Public School Employees’ Retirement System will not invest in Centerbridge Partners’ third flagship fund after allocating up to $100 million to the vehicle in August, peHUB sister publication Buyouts has learned.
Siris Capital is back in the market with a new fund less than two years after closing on roughly $650 million for its second flagship vehicle in late 2012.
The Carlyle Group’s $115 million settlement of a lawsuit that alleged it colluded with other buyout shops to depress deal prices will be paid through a combination of Carlyle Partners IV fund capital, insurance, balance sheet capital, and contributions from some employees of the firm.
People with close ties to the private equity and venture capital industries had contributed more than $2.25 million to former GTCR partner Bruce Rauner’s Illinois gubernatorial campaign as of Sept. 19, according to a Buyouts analysis of Illinois State Board of Elections data.
The Virginia Retirement System may pursue separately managed accounts capable of investing across a variety of private market strategies, Chief Investment Officer Ron Schmitz told Buyouts.