NYC Pensions Pledge $500M Each to Apollo, CVC

New York City Public Pension Funds marked its largest commitments yet to private equity via marquee funds from Apollo Global Management and CVC Capital Partners. It was part of an overall $1.3 billion series of pledges by the $137 billion retirement system that also included first-time commitments to several emerging managers.

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Regulators Put Chill on U.S. Private-Equity Insurance Deals

Regulators are reviewing the sale of annuity businesses to private equity firms, worried that such sales put annuity customers at risk, Reuters reports. The scrutiny has delayed the sale of Sun Life‘s annuity business to Guggenheim Partners and could delay Aviva‘s sale of its annuity business to Athene, Reuters says.


Valence Group Banker Sees Good Mix of Chemical Deals Ahead

The Valence Group’s Anton Ticktin, who’s been focused on mergers and acquisitions in the chemical sector since the late 1990s, ranks 2013’s deal prospects as bullish, with major private equity players wading in. “We have a very strong pipeline,” Ticktin said in a phone interview. “We think 2013 will remain pretty robust, maybe not at the peak of 2011, but certainly at a high level—maybe the same as 2012.”

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peHUB First Read

This morning find out about Apollo investors and founders selling shares; Google maps’ facelift; how to get airtime with a VC and the top jobs in the digital media space.


Uptick In Chemical Deals Seen; Carlyle, Apollo Big Players

Financial and private equity investors Icahn Enterprises, Apollo Global Management, First Reserve and SK Capital ranked among the top 10 acquirers among the major 2012 deals in the chemical sector, according to a new survey flagging brisk activity in the sector.

peHUB First Read

This morning find out about Secura’s new real estate venture capital fund; the pros and cons of enterprise investing and whether the Holy Land has what it takes to build a life sciences cluster.

peHUB First Read

This morning’s First Read brings news of Apollo’s latest fundraising, a private equity identity crisis and Blackstone’s new solar program.

peHUB First Read

Take five minutes with this morning’s First Read to find out about David Rubenstein’s panda joy, Apollo’s CLO market and what ten states are consuming the most of our energy resources.

LP Scorecard: Energy Gives Idaho a Boost

It’s direct energy investments that are boosting The Public Employee Retirement System of Idaho’s private equity portfolio, according to its Private Equity Performance Summary by Investment.

NYC Commits $1.2B, Including Separate Account Deals With Apollo, Golden Tree

The New York City Comptroller’s Bureau of Asset Management, which oversees $122 billion across the city’s five main public pension funds, has committed $600 million to Apollo Global Management and $250 million to Golden Tree Asset Management as part of separate managed accounts that will focus on opportunistic credit strategies.

Hall Replaces LeBlanc as Texas Teachers’ PE Chief

Filling some big boots, Richard Hall has been promoted to replace Steve LeBlanc as head of private equity for the $110 billion Texas Teachers’ Retirement System, confirmed Howard Goldman, the system’s director of communications. LeBlanc, an innovative private markets chief, is perhaps best known for steering giant separate account deals in which Texas Teachers’ committed $6 billion to Apollo and KKR.

Apollo Sells Quality Distribution Shares

Global fund manager Apollo has sold approximately 3.2 million of its shares in chemical bulk tank truck network Quality Distribution, reducing its ownership to approximately 17.4%. The florida-based business recently announced first quarter results with a net income of $6.7 million. PRESS RELEASE Quality Distribution, Inc. QLTY +12.97% (“Quality” or the “Company”), which operates within […]

peHUB First Read

Thursday’s First Read comes with some harsh words for the JOBS bill, some more harsh words from the CEO of OMGPOP, and why it isn’t too early to start thinking about water parks.

Apollo earnings fall on mark-downs

Apollo Global Management LLC (APO.N) on Friday became the latest private equity group to report lower fourth-quarter earnings because of the way it accounts for profits, even as the cash flow from its share of investment profits more than tripled.

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