Remains on investment committee for second fund Launched Twin Brook in 2014 with Trevor Clark Duo helped co-found Madison Capital in 2001 Chris Williams, a partner at Twin Brook Capital Partners, has taken an “indefinite leave of absence” from the middle-market lender, according to a March 12 letter sent to investors. Williams, along with Partner Trevor Clark, […]
FO competition with PE firms: an overrated story Focus: financial services, consumer, media and business services Alignment/misalignment “natural screening mechanism” Patrick McCloskey is founder and managing partner of Aeterna Capital Partners and represents the interests of a European multigenerational family. The firm, set up in the U.S. in 2013, focuses on lower-middle-market companies and structured […]
PSERS follows strategy pursued by other pensions PE portfolio valued $4 bln Will focus investments on Fund IV and above Pennsylvania State Employees’ Retirement System is following a strategy employed by other U.S. public pensions, aiming to shrink the number of relationships in its private equity portfolio and concentrate larger checks to fewer GPs this year. […]
Private equity will continue robust “What is the worst-case scenario?” helps guide investments Invests in healthcare, energy, ride-sharing, AI Christopher Zook is chairman of CAZ Investments, a Texas multifamily office. He previously managed portfolios for wealthy individuals and institutions at Zook Group, part of CIBC Oppenheimer. Zook started CAZ Investments with a capital pool from Texas […]
Srinivas Pulavarti joins from UCLA Investment Private-market portfolio grew 16.6% from 2016 to 2017 Pulavarti’s ex-colleagues part of Emory team Srinivas “Srini” Pulavarti on July 1 is slated to become CIO of the company that manages a $7 billion investment portfolio, including a $1 billion-plus private-markets program, for Emory University and Emory Healthcare. Emory Investment Co’s […]
Investment banker for aerospace, defense, gov’t services Established M&A advisory arm of strategy consultancy Firm also makes growth equity investments in security Chertoff Group was founded in 2009 by Michael Chertoff, the second secretary of the Department of Homeland Security, to consult with companies on threat management and government contracting. Jason Kaufman, head of the firm’s […]
CalPERS hires Elisabeth Bourqui Succeeds Tollette as chief operating investment officer Will help direct changes in PE, asset allocation: Eliopoulos California Public Employees’ Retirement System hired the former head of ABB Group’s pension-management team to succeed Wylie Tollette as its chief operating investment officer. Elisabeth Bourqui will take over for Tollette on May 14. Her responsibilities will include the day-to-day management and […]
Terrill Sanchez joins the fund Penn. SERS more than doubled its investment returns in 2017 Private equity returns 12.8 pct Terrill Sanchez will join Pennsylvania State Employees’ Retirement System as executive director, succeeding David Durbin, who retired earlier this year. The state employees’ pension has a $4.1 billion private equity portfolio, which accounted for 15.7 percent of its […]
Richard Kim was part of the Goldman crypto team Will join Galaxy Digital, subsidiary of Mike Novogratz’s family office Novogratz bullish on cryptos Ex-Goldman Sachs executive Mike Novogratz has lured Richard Kim from Goldman to head the cryptocurrencies desk at his family office’s subsidiary, Galaxy Digital. Kim spent almost three years at Goldman Sachs in […]
49 pct say emerging markets is greatest opportunity 50 pct cautiously optimistic about achieving long-term target return Trade wars/protectionism greatest threat to global economy Institutional investors see trade wars and protectionism as the greatest risks to global markets, a fresh survey shows. Some 42 percent of respondents fear what seems to be growing insularity in markets […]