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Florida Commits $665M In Q1

By Cust Serv — 6 years ago

The Florida State Board of Administration, which manages $163 billion in retirement and emergency funds, committed $665 million across four private equity-related strategies, including buyouts, venture capital, mezzanine and distressed real estate debt, according to John Kuczwanski, a board spokesman. All four commitments were made from Florida’s main $132 billion pension fund. The largest of […]

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Hamilton Lane Acquires Shott Capital

By Cust Serv — 6 years ago

Fund adviser Hamilton Lane plans to expand its stock distribution services through its acquisition of Shott Capital Management, a San Francisco-based investment manager. “The addition of Shott Capital Management’s robust distribution management capabilities complements our portfolio monitoring and reporting services, and is a natural extension of our current product offering,” said Mario Giannini, Hamilton Lane’s […]

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Washington Paying 1% Fee On KKR Fund

By Cust Serv — 6 years ago

Kohlberg Kravis Roberts & Co. has agreed to charge the Washington State Investment Board a super-low 1 percent annual management fee on the pension fund’s $250 million follow-on commitment to the firm’s flagship fund, KKR North American Fund XI LP, according to a source familiar with the terms. The buyout giant considers the rate a […]

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CIO Of Pennsylvania PSERS, Friend Of PE, To Step Down

By Cust Serv — 6 years ago

Alan Van Noord, who has directed investments for the Pennsylvania Public School Employees’ Retirement System for more than a decade, has decided to retire in June. He will be replaced on an interim basis by James Grossman, Jr., deputy chief investment officer. Van Noord’s retirement is the latest in a string of changes at the […]

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LP Scorecard: How Special Situation Funds Are Performing For UTIMCO

By Cust Serv — 6 years ago

A 2003 vintage fund managed by Angelo, Gordon & Co takes the top spot an analysis of the University of Texas Investment Management Co’s distressed debt and special situations fund commitments in its active portfolio as of November 30, 2012. AG Capital Recovery Partners IV LP comes out top, posting a 28.68 percent IRR and […]

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LP Scorecard: An Analysis of CalPERS First-Time Funds

By Cust Serv — 6 years ago

European focused vehicles make up half of this week’s scorecard, which takes a look at the $251 billion California Public Employees’ Retirement System’s top ten investments in first-time buyout funds. Schroder Ventures’s spin-out Permira takes the top spot with its maiden independent vehicle, Permira Europe I, raised in 1997, which posted an IRR of 74.5 percent […]

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Yale Doubles Endowment In Decade

By Cust Serv — 6 years ago

Yale University’s endowment makes more money than most in the infrequently traded and illiquid world of alternative assets by picking the most skillful of managers, sister news service Reuters reported. The Yale endowment, which reached $19.3 billion in assets, fiscal-year ending June 30, 2012, has been one of the most secret and most successful in […]

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