Quits a day before retirement as a protest Taylor says investments held in “opaque funds” Which investments are held in PE portfolio unclear Kathryn Taylor, in her resignation letter from Harvard University’s board of overseers, claimed the university’s $37 billion endowment had no idea what kind of impact its investments were having on the world because they were […]
PRIVATE EQUITY FIRMS Behrman Capital named Vincent M. Buffa an operating partner. Buffa previously was president and CEO of Data Device Corp. Blackstone named Sir John Hood to the board. Hood is chair of Rhodes Trust and president and CEO of Robertson Foundation. Bowmark Capital hired Tom Keen as an investment manager. Prior to joining Bowmark, Keen worked at Lyceum Capital. Carlyle Group hired Hongjiang Zhang as a senior […]
Commits to Polaris’s first equity fund Polaris invests in tech, biotech and healthcare MassPRIM continues focus on lower-mid market Massachusetts Pension Reserves Investment Management Board committed $35 million to venture-capital firm Polaris Partners’ first growth equity fund, which is targeting $175 million. Polaris’s debut growth equity fund will target buyouts of lower-middle-market software and technology-enabled […]
PE portfolio is 6 pct CA Capital to build diversified alternatives portfolio Prefers midcap and lower-mid-cap PE funds University of Louisiana at Lafayette Foundation has turned over investment management of its $170 million portfolio to Cambridge Associates’ outsourced CIO group. “Managing a complex portfolio, generating high returns for their private market portfolios and access to good managers are some […]
Seto joined Freeman in January 2017 Seto resigned from Freeman around March 9, 2018 Suit alleges Seto tried to solicit business while still employed by Freeman Freeman & Co, a boutique investment bank, has sued Tony Seto, a former executive director, claiming he stole “highly confidential trade secrets” when he left and joined a rival bank. […]
Christopher Kipley left Z Capital late last year Several IR, business-development execs left last year Firm promoted nine in February Christopher Kipley, a senior executive at Z Capital Partners, left the firm late last year as it worked to raise two funds, sources said. Kipley worked at Z Capital since the firm’s inception in 2006, […]
EPIQ to manage clients with net worth above $100 mln Will provide direct investment opportunities to clients Will collect up to 20 pct carry for direct investments Chad Boeding, co-founder of ICONIQ Capital, has left to start a multifamily office, EPIQ Capital Group. Based in San Francisco, EPIQ intends to provide investment advice to senior executives […]
Arizona PSPRS reserves co-invest allocations Preapproved by board; enables staff to move quickly Helps manage risk and manage fee load The battle is on for co-investment opportunities and limited partners are finding innovative ways to gain an edge. Arizona Public Safety Personnel Retirement System’s strategy centers on reserving co-investment allocations when making fund commitments, according […]
PRIVATE EQUITY FIRMS Jonathan Laifer joined BelHealth Investment Partners as an associate. Laifer was previously an investment banking associate in the healthcare group at Goldman Sachs focusing on M&A, leveraged finance and equity transactions. Cerberus Capital Management: Matt Zames joined as president, while Frank Bruno was promoted to co-CEO. Lee Millstein was appointed president of the international business. Zames most recently served as COO of JP Morgan […]
Heads bizdev, client services for alternative managers Firm offers outsourced middle-, back-office functions Dashboard gives LPs detailed look at returns, expenses The biggest problem SEI tries to solve for its alternatives clients is complexity, says Jim Cass, senior vice president and managing director of the company’s investment manager services division. Cass joined the Oaks, Pennsylvania, provider of wealth-management and business process […]