Two New Mexico LPs Suspend Aldus Equity As Advisor

By Larry Aragon — 8 years ago

The New Mexico Educational Retirement Board (NM ERB) and the New Mexico State Investment Council (NM SIC) have both temporarily suspended operations with consultant Aldus Equity, citing concerns about the Dallas-based advisory firm’s connection to an alleged kickback scheme involving the emerging manager program it runs for the $120 billion New York State Common Retirement […]

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Head Abroad For Vacation From Denominator Effect

By Larry Aragon — 8 years ago

Fundraising is tough all over, but you may find it a mite easier if willing to travel abroad. As a general rule of thumb, institutional investors outside the United States have newer private equity programs. That’s good news for fundraisers since it’s less likely that they’ve been hit with the dreaded denominator effect, in which […]

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Funds of Funds Still Active But Some Slowing Pledge Pace

By Larry Aragon — 9 years ago

With so many pension plan sponsors and endowments on the sidelines at the moment, either waiting for year-end portfolio valuation numbers or to see how the economy fares in the months ahead, funds of funds could be one of the few games in town for shops looking to raise a buyout fund in 2009. To […]

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LPs Want Answers From Aldus After Alleged NYSCRF Kickbacks

By Larry Aragon — 9 years ago

At least three clients of Aldus Equity Partners are expressing concerns about the Dallas-based advisory firm’s connection to the alleged kickback scheme stemming from the emerging manager program it runs for the $120 billion New York State Common Retirement Fund. Mainly the questions center around why the firm hired a “finder,” even though it already […]

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Firms & Funds

By Larry Aragon — 9 years ago

3i Group said that the value of its largest investments dropped 21 percent for the quarter ending Dec. 31, 2008. It also announced that Philip Yea is stepping down as CEO, to be succeeded by current infrastructure chief Michael Queen. Angelo Gordon & Co. is targeting $3 billion for its seventh distressed debt fund, according […]

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NY State Common Retirement Fund To Hire PE Director

By Larry Aragon — 9 years ago

The $155 billion New York State Common Retirement Fund, or NYSCRF, is looking to fill a newly-created position of director of private equity. The person hired will replace Nick Smirensky, who left the deputy CIO and head of private equity investing positions with the limited partner in October to create an investment program for the […]

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TRS Kicks Off Big PE Year With $400M In Pledges to CS

By Larry Aragon — 9 years ago

The $81 billion Teacher Retirement System of Texas (TRS) recently unveiled two pledges totaling $400 million for a pair of captive accounts managed by Credit Suisse’s Customized Fund Investment Group. The latest commitments, however, represent a small part of the roughly $2.5 billion the pension fund intends to commit to private equity in 2009. The […]

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S.F. Shop Closes F-o-F Below Target But Grows Emerging Mandate

By Larry Aragon — 9 years ago

Bay Hills Capital may have closed its debut fund of funds below the original target but the San Francisco-based shop is already in rally mode, scoring an additional $50 million mandate from the Kentucky Retirement Systems to boost the limited partner’s support of emerging managers. And if that wasn’t enough, Lance Mansbridge, managing director and […]

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NY Common Finally Picks Emerging Manager Advisors

By Larry Aragon — 9 years ago

The $154 billion New York State Common Retirement Fund has concluded its long search for managers of its private equity emerging manager program. The state plans to allocate $350 million to Parish Capital Advisors, $250 million of which will be for co-investment opportunities and $100 million for fund investments. Bank of America’s Banc of America […]

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Former Aldus Execs To Launch Firm With Emerging Manager Focus

By Larry Aragon — 9 years ago

A team led by three former executives from Dallas-based advisory firm Aldus Equity plan to start a new advisory firm focused on investing alongside emerging managers, a source familiar with their plans told Reuters News. The team, led by former Aldus Equity partner Marcellus Taylor, is hoping to attract investors who may see such managers, […]

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Arizona Seeks Managers For $1B Separate Account

By Larry Aragon — 9 years ago

The $26 billion Arizona State Retirement System, a newcomer to private equity, is searching for one or more separate-account managers to commit roughly $1 billion over three years. RFPs were issued in October, and responses were due in mid-December. “We have just started evaluating proposals. I don’t expect any awards earlier than March 31, if […]

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