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LP Scorecard: Top U.S. Funds In CPP Investment Board Portfolio

By Cust Serv — 7 years ago

Hellman & Friedman Capital Partners V takes the prize as the top-performing U.S.-based buyout fund within the $170.1 billion Canada Pension Plan Investment Board private equity portfolio. Figures are as of June 30, 2012. The 2004 vintage Hellman & Friedman fund posted a 2.44x multiple for the period. CPP Investment Board committed $75 million to […]

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Florida Reaches Torrid $6 Billion Commitment Pace

By Cust Serv — 7 years ago

The pace of new private equity and alternative investments at the Florida State Board of Administration is likely to reach about $6 billion in fiscal 2012-2013, as Florida’s primary $126 billion pension fund gradually ramps up its allocations to so-called strategic investments from zero to 11 percent of the portfolio, according to John Kuczwanski, an […]

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New York Common Launches Emerging Manager Co-Investment Fund

By Cust Serv — 7 years ago

The $150 billion New York State Common Retirement Fund, one of the nation’s biggest emerging manager investors, has created a special $250 million separate account for private equity co-investments alongside such managers, according to a senior official at the fund. The separate account, which will be managed by New York-based Farol Asset Management, has been […]

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How Hamilton Lane BeatsThe Public Markets

By David M. Toll — 7 years ago

A recent client presentation provides insights into how advisory giant Hamilton Lane outperforms the public equity markets, such as by staying flexible in the face of changing market conditions. It also illustrates some of the challenges trying to keep data confidential in the Internet age. Fresno County Employees Retirement Association, for whom the presentation was […]

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LP Scorecard: UTIMCO Finds Power In Energy

By Cust Serv — 7 years ago

Energy and power-focused buyout funds dominate this week’s scorecard, which analyzes the top ten performing buyout vehicles within the University of Texas Investment Management Company’s active private equity portfolio as of August 31, 2012. Top of the scorecard list this week is the 2008 vintage EnCap Energy Infrastructure Fund LP, which focuses on opportunistic energy […]

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Hamilton Lane Shows Off Progress On Partnership Terms

By Cust Serv — 7 years ago

Earlier this year I wrote about a rift forming among small and large investors, given the more favorable fees large investors can command in limited partnership negotiations. Now a presentation by one of the deepest-pocketed limited partners shows just how much leverage large investors are wielding. In the presentation, dated Oct. 18 and prepared for […]

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Hamilton Lane Passes Half-Way Mark On Latest FoFs

By Cust Serv — 7 years ago

Hamilton Lane, one of the nation’s largest private equity advisory firms, with about $24 billion in assets under management, has so far raised $215 million of its $400 million target for one of its news funds of funds, Hamilton Lane Private Equity Fund VIII LP, according to two recent government filings. About $150 million of […]

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Washington State Goes Deep With Energy, Mining GPs

By Cust Serv — 7 years ago

The $84 billion Washington State Investment Board has committed $550 million to two buyout firms that focus on the energy and mining sectors. The larger of the two commitments was a $400 million pledge to the newest fund from First Reserve Corp., First Reserve Fund XIII LP, which is targeting $6 billion. The pledge matches […]

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Canadian Pension Bets Big On Motor Sports

By Reuters News — 7 years ago

Canada Pension Plan Investment Board, one of the country’s top pension fund managers, on Friday outlined two major investments in the world of professional motor racing, according to sister news service Reuters. CPPIB, known for staid investments in infrastructure projects, shopping centres, private equity firms and the like, said it had stuck a deal to […]

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LP Scorecard: CalPERS Funds of Funds Produce Top Performers

By Cust Serv — 7 years ago

The underlying investments in funds of funds backed by CalPERS’s account for two of the top IRRs of its entire portfolio. These are California Emerging Ventures’s commitments to the 1999 vintage Clearstone Venture Partners I-B LP, which posted an IRR of 154.7 percent and a vintage fund that is some 12 years younger—the 2011 Monomoy […]

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LP Scorecard: Carlyle Japan A Top Asian Fund For CalPERS

By Cust Serv — 7 years ago

Carlyle Japan Partners I LP, a 2001 vintage buyout fund, is the star performer among Asia funds backed by the $243 billion California Public Employees’ Retirement System’s, according to data as of March 31, 2012. Prominent exited investments from that fund include security service company Asahi Security, acquired by The Carlyle Group in February 2002; […]

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Texas Teachers To buy F1 Stake From Lehman Estate

By Cust Serv — 7 years ago

The $100 billion Texas Teachers’ pension fund is to buy a stake in Formula One racing from the estate of collapsed investment bank Lehman Brothers, a person familiar with the matter said. The Teacher Retirement System of Texas will buy a 3 percent stake in the motor racing business from the Lehman Brothers’ estate in […]

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Colorado PERA Latest To Launch In-State PE Fund

By Cust Serv — 7 years ago

Another state pension system has moved to bolster in-state economic activity by launching a special fund to target private equity and venture investments within the state’s boundaries. The latest effort is from the $40 billion Colorado Public Employees Retirement Association, which launched the Colorado Mile High Fund in October. The fund, which is likely to […]

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CalPERS Taps CFO To Guard Against Risks

By Cust Serv — 7 years ago

With the appointment of Cheryl Eason as its new chief financial officer, the $243 billion California Public Employees Retirement System has installed a final brick in its efforts to fortify the giant pension against risks such as financial crises and pay-to-play scandals. Eason is the first person to occupy the chief financial officer role at […]

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European Funds Among Washington State’s Least Drawn

By Bernard Vaughan — 7 years ago

For the last few years now there’s been a lot of talk about how much committed capital buyout firms have at their disposal. The Private Equity Growth Capital Council, for example, puts the number for this so-called global dry powder at $372 billion, excluding leverage. But what does this mean for individual limited partners? To […]

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Florida Pledges $700M To PE, Infrastructure

By Cust Serv — 7 years ago

The Florida State Board of Administration, which oversees $154 billion in pension and emergency funds, committed $700 million to five private equity, infrastructure and opportunistic debt funds during the third quarter of 2012, according to spokesman John Kuczwanski. Overall, Florida has 5.2 percent, or $6.5 billion, of its main pension’s assets in invested private equity […]

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CPPIB Takes Out Onex For Tomkins Unit

By Reuters News — 7 years ago

The Canada Pension Plan Investment Board has agreed to pay $1.1 billion for the heating and air conditioning business of Tomkins Ltd, a British-based industrial holdings company jointly owned by CPPIB and Onex Corp. Canadian private equity firm Onex and CPPIB, which manages one of the world’s largest pension funds, acquired Tomkins in 2010, and […]

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