Teachers’ Retirement System of Louisiana, Apollo Global Management, pension fund, private equity
141 Views

Louisiana Teachers commits $75 mln to Leonard Green funds

Teachers’ Retirement System of Louisiana backed two buyout funds by Leonard Green & Partners at its Oct. 3 meeting, according to the system’s executive liaison officer, Lisa Honoré. The board approved a $50 million commitment to Green Equity Investors VIII, targeting $10 billion. The pool makes investments between $400 million and $1 billion in business services, healthcare/wellness and consumer/retail sectors […]

265 Views

LPs to increase allocations to private assets within three years: survey

About 52 percent of institutional investors said that they plan to increase their allocations to private assets over the next three years as they hunt for a more diverse portfolio and higher returns, according to the Schroders Institutional Investor Study 2019. According to the survey, 58 percent of investors in North America, 50 percent of […]

LACERS, private equity, pacing plan, Searchlight Capital Partners , private equity, pension fund, Pennsylvania Public School Employees’ Retirement System
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LACERS outlines 2020 private equity pacing plan

Los Angeles City Employees’ Retirement System’s investment committee will consider boosting its private equity pacing plan at its Oct. 8 meeting, according to the meeting agenda. LACERS’s pacing plan for its private equity asset class calls for $625 million to $675 million in commitments for 2020, up from the $550 million to $575 million proposed for […]

Private equity, Q3 fundraising,
263 Views

Q3 fundraising: Investors slow down as they look ahead

U.S. buyout firms reported their lowest fundraising numbers for the third quarter, signaling that investors are waiting to see where the market is going as anticipation of an economic recession looms. Funds raised a combined $73.2 billion in the third quarter, lower than what was raised in the second quarter, but a noticeable increase from […]

Rhode Island State Investment Commission, private equity, pension fund, Advent International
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Rhode Island buys stakes in Industry Ventures, Paine Schwartz funds

Rhode Island State Investment Commission spent $40 million to buy stakes in older Industry Ventures and Paine Schwartz Partners funds, according to the system’s director of communications, Evan England. The system offered $10 million for the unknown seller’s interest in Industry Ventures Partnership Holdings Fund IV. The pool, which closed in 2016, focuses on primary […]

New Jersey State Investment Council, private equity, pension fund, TPG, TSG, Ardian, KPS
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New Jersey commits to Ardian and KPS funds

New Jersey State Investment Council proposed more than $391 million in private equity commitments to funds from Ardian and KPS Capital Partners, according to a document from its September board meeting. The system wants to invest 125 million euros ($136.6 million) to Ardian Buyout Fund VII, targeting $6.5 billion, meeting documents show. At least 90 […]

private equity, Pennsylvania, World's End State Park
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PA PSERS backs Platinum Equity following delayed vote

Pennsylvania Public School Employees’ Retirement System at its August meeting went forward with its planned commitment to Platinum Equity’s latest fund, despite continued protest from advocacy groups. The board approved a $300 million commitment to Platinum Equity Capital Partners V, targeting $8 billion. The global PE fund focuses on underperforming and undermanaged businesses in North […]

Singapore, private equity, Texas teachers
286 Views

Texas Teachers considers office in Singapore to tackle Asia-Pacific market

Teacher Retirement System of Texas is considering opening an office in Singapore as it aims to increase its footprint in Asia-Pacific, according to an investment management committee document from its July meeting. The system, which has $22.2 billion across its portfolio invested in Asia-Pacific assets, believes that an office in Singapore would help the system […]

trade war, china, private equity, LPs, investors, economy
170 Views

LPs not changing their investment strategy because of Brexit, trade war: survey

An escalating trade war between the U.S. and China and the U.K.’s upcoming departure from the European Union aren’t enough to deter limited partners from pumping capital into private equity, according to a survey from global placement agency Eaton Partners. Out of the 50 LPs surveyed, 48 percent said that uncertainty about Brexit has “no […]

Monument Group, Bart Molloy, private equity, emerging managers
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Five Questions with Monument Group’s Bart Molloy on emerging-manager growth

Bart Molloy is a managing director at Monument Group. We spoke with him about the rise in emerging managers and the firm’s relationship with independent sponsors. 1. How is the PE sector performing today compared with 25 years ago? Private equity remains the most exciting asset class in that it continues to evolve, with increased emphasis on […]

private equity, hurdle rate, MJ Hudson, Advent International,
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Hurdle rates continue steady decline, 8 pct no longer ‘risk free’: study

Private equity funds could become riskier investments if there’s no longer a preferred rate of return, according to Eamon Devlin, a partner at asset management consultant group MJ Hudson. Devlin helped author the firm’s latest research on private equity and venture capital funds. MJ Hudson found that 60 percent of funds surveyed have an 8 […]

Illinois, Teachers’ Retirement System of the State of Illinois, pension fund, private equity
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Illinois TRS commits $244 mln to Inflexion, Stone Point and TA

The Teachers’ Retirement System of the State of Illinois pledged $244 million in private equity commitments spanning European and North American markets at its June meeting. The system committed 39 million pounds (about $49.4 million) to two funds from London-based Inflexion Private Equity Partners, which already manages $1.8 million of Illinois’ assets, according to its […]

Texas, state flag,
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Texas County & District pledges $144 mln to Vista, Synova, Carnelian

Texas County & District Retirement System pledged about $144 million to private equity funds at its June meeting. The system made the following commitments: $50 million to Vista Equity Partners’ Endeavor Fund II, targeting $750 million. The fund focuses on smaller deals that don’t fit middle-market or flagship funds. Vista’s first Endeavor fund raised $560 […]

police, police car, law enforcement, cop, cops
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Ohio P&F backs Veritas Capital’s flagship fund

Ohio Police & Fire Pension Fund backed Veritas Capital’s seventh flagship fund, but it committed less than it did for Fund VI, sticking with its plan to slow its private market commitments this year. The system committed $20 million to Veritas Capital Fund VII, which is targeting $5 billion. The fund, launched in March, focuses […]

Baltimore Fire & Police pledges $15 mln to Lexington Partners

Baltimore Fire & Police Employees’ Retirement System has committed to Lexington Partners’ latest flagship. At its June meeting, the system pledged $15 million to Lexington Capital Partners Fund IX, which is targeting $12 billion. The pool focuses on secondary transactions in Europe and the U.S. Baltimore F&P also interviewed HarbourVest Partners and Greenspring Associates, but ultimately […]

Wisconsin

Wisconsin ups commitments to Lindsay Goldberg, Providence Equity

The Wisconsin state pension system boosted its commitments to Lindsay Goldberg and Providence Equity Partners in the first quarter. State of Wisconsin Investment Board committed an additional $100 million to Lindsay Goldberg’s fifth fund, which is targeting $4 billion, said spokesperson Vicki Hearing. The board previously pledged $100 million to the fund late last year. […]

VCJ Venture LPs Nebraska
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Nebraska backs HarbourVest and NEA funds

Nebraska Investment Council committed to funds from New Enterprise Associates and HarbourVest Partners at its June meeting. The system, which said in March that it was considering an additional investment with the venture firm, committed $50 million to New Enterprise Associates’ 17th fund, which is targeting $3.6 billion for its largest fund to date. The […]