Warburg Pincus, private equity

Warburg Pincus kicks in $200 mln to financial-services fund

Warburg Pincus closed its new financial-services fund on $2.3 billion, hitting the hard cap it set for outside investors. Roughly 60 percent of the fund’s limited partners have invested in previous Warburg Pincus funds, the firm says. The fund’s GPs committed another $200 million vehicle on top of the fund’s hard cap. Warburg Pincus Financial Sector […]

Oaktree Capital, private equity
366 Views

Oaktree targets $1.75 bln for special situations

Oaktree Capital Group is targeting $1.75 billion for its newest special-situations fund, pension documents show. Oaktree Special Situations Fund II will make control investments in mid-market companies by buying distressed debt or making direct investments by using structured equity or traditional equity. The firm “generally intends to make friendly investments in cooperation with a target […]

Energy Capital Partners, private equity, energy
175 Views

Energy Capital Partners targets $6 bln for Fund IV

Energy Capital Partners is raising $6 billion to invest in North American energy-infrastructure assets, a fund summary prepared by one of the firm’s potential LPs says. Energy Capital Partners, which has offices in Houston, San Diego and Short Hills, New Jersey, plans to make 10 to 20 investments through Fund IV, the summary shows. The […]

TorreyCove Capital Partners, David Fann, private equity, Russell Valdez, Wafra Investment Advisory Group
171 Views

Market for stakes in PE firms poses challenges: panel

The market for stakes in the management companies of private equity firms is growing riskier as limited partners pour more money into the strategy, said panelists speaking at Buyouts Insider’s PartnerConnect Southwest conference in Austin. The management teams at PE firms like Riverside Co and Vista Equity Partners in recent years have sold minority shares in their management […]

pension fund, private equity, venture capital, Congress, legislation, tax reform

Public-pension LPs could get dinged by provision in tax plan

Public pensions are lobbying House and Senate leaders to halt a proposed change to the tax code that could make their private equity investments more expensive. Both the House and Senate in recent weeks approved bills to slash the corporate tax rate while eliminating certain deductions. One of the revenue-raising proposals the House approved would require public pensions to pay […]

Congress, House, Senate, tax reform, private equity
431 Views

Public-pension LPs could get dinged by provision in tax plan

Public pensions are lobbying House and Senate leaders to halt a proposed change to the tax code that could make their private equity investments more expensive. Both the House and Senate in recent weeks approved bills to slash the corporate tax rate while eliminating certain deductions. One of the revenue-raising proposals the House approved would require […]

Photo of a handshake. REUTERS/Laszlo Balogh
276 Views

Coller: LPs seek to add PE managers to portfolios, reversing consolidation trend

For the first time in several years, institutional limited partners are looking to add managers to their private equity portfolios. Coller Capital’s recently released Global Private Equity Barometer says 40 percent of LPs the firm surveyed said they planned to increase the number of PE firms in their portfolios over the next three years. Just 21 […]

Maryland State Retirement and Pension System, private equity, pension fund
139 Views

Maryland makes big move in PE with $2.3 bln of commitments in 2017

Maryland State Retirement and Pension System committed more than $2.3 billion to private equity this year, documents obtained by Buyouts via an open-records request show. The $50.3 billion system distributed its commitments across 20 funds, including major flagship buyout vehicles raised by Bain Capital, Clayton Dubilier & Rice, CVC Capital Partners and New Mountain Capital Partners. […]

New Mexico State Investment Council, private equity, pension fund, KKR, EnCap, Flatrock, venture capital

New Mexico approves up to $125 mln for KKR, EnCap Flatrock

New Mexico State Investment Council approved a pair of commitments to private markets funds at its Nov. 28 meeting, spokesman Charles Wollmann told Buyouts, a sister publication to VCJ. The larger of the two commitments, for up to $75 million, went to Kohlberg Kravis Roberts’s new American real estate fund. KKR set a $1.5 billion target for the vehicle, which […]

New Mexico State Investment Council, private equity, pension fund, KKR, EnCap, Flatrock, venture capital

New Mexico approves up to $125 mln for KKR, EnCap Flatrock

New Mexico State Investment Council approved a pair of commitments to private markets funds at its Nov. 28 meeting, spokesman Charles Wollmann told Buyouts. The larger of the two commitments, for up to $75 million, went to Kohlberg Kravis Roberts’s new American real estate fund. KKR set a $1.5 billion target for the vehicle, which […]

Tennessee Consolidated Retirement System, private equity, pension fund, Olympus Partners, Quantum Energy Partners
189 Views

Tennessee backs Quantum, Olympus with new commitments

Tennessee Consolidated Retirement System is moving forward with a pair of commitments to private equity funds, spokeswoman Gillian Johnson told Buyouts in an email. The $43.3 billion retirement system will allocate as much as $200 million to Olympus Partners’ new fund, which launched this year. While the fund’s target wasn’t specified, Johnson said Olympus Growth […]

Antares Capital, private equity, John Martin, Dave Brackett, Donald Trump
528 Views

Virginia Retirement forms $1 bln account with Antares for mid-market lending

Virginia Retirement System committed $1 billion to a managed account with Antares Capital to develop a portfolio of direct loans to middle-market companies, an investment summary obtained by Buyouts shows. The $76.9 billion retirement system signed off on the commitment Oct. 20. Antares will invest Virginia’s committed capital over the next four years. Virginia made the […]

Washington State Investment Board, private equity, pension fund, Wellspring Capital Management, New Mountain Partners
188 Views

Washington approves over $2.2 bln in private market commitments

Washington State Investment Board approved private market fund commitments totaling more than $2.2 billion at its meeting last week, according to spokesman Chris Phillips. The commitments include an allocation for up to $600 million to Carlyle Group’s newest flagship buyout fund, which is targeting $15 billion with an $18 billion hard cap. This marks Washington’s […]

North Carolina, private equity, pension fund
204 Views

CEM Benchmarking: North Carolina 2016 PE costs top $100 mln

North Carolina’s retirement system racked up $444.6 million in investment-management costs in 2016, CEM Benchmarking reported at an investment meeting last week. The retirement system, managed by the North Carolina Department of the State Treasurer, paid more than $108 million in PE-related fees in the year, according to the CEM report. That total does not include […]

Calpers, private equity, pension fund
125 Views

CalPERS hopes to have finalists for independent PE platform by early 2018

California Public Employees’ Retirement System is moving forward with plans to bring on an outside firm to manage its $25.9 billion private equity program, according to internal documents obtained by Buyouts Insider, publisher of VCJ. CalPERS is searching for a firm to monitor and select its future PE investments, Nov. 13 staff presentation materials seen by Buyouts Insider […]

Calpers, private equity, pension fund
676 Views

CalPERS hopes to have finalists for independent PE platform by early 2018

California Public Employees’ Retirement System is moving forward with plans to bring on an outside firm to manage its $25.9 billion private equity program, internal documents obtained by Buyouts show. CalPERS is searching for a firm to monitor and select its future PE investments, Nov. 13 staff presentation materials seen by Buyouts say. Investments could include PE fund investments, sponsored […]

NEPC, Scott Perry, private equity

NEPC: Endowments, foundations project lower returns for PE

A plurality of endowment and foundations expect private equity returns to decline in the near term, a recent survey says. NEPC’s survey found that 44 percent of endowments and foundations expect their PE portfolios to generate lower returns moving forward, with another 39 percent saying returns would remain consistent. Just 17 percent of the survey’s respondents said PE […]

American Investment Council, private equity, James Maloney
128 Views

James Maloney leaves PE industry group AIC

American Investment Council spokesman James Maloney has left the industry lobbying organization, he confirmed to Buyouts. “I enjoyed my time at the AIC and working with the great team there, but I’m now pursuing new opportunities,” Maloney said. Maloney has worked with the AIC since mid-2014, first as a director of communications and later as a vice […]