Apollo, Blackstone, KKR Blaze New Path To Retail Market

By David M. Toll — 4 years ago

So-called nontraded business development companies (BDCs) can raise money from retail investors without giving up many of the advantages and trappings of private limited partnerships. Continuous fundraising? Check. Lengthy lock-ups of capital? Check. Two-and-twenty fee structure? Check.


Steve LeBlanc, Texas Teachers’ Maverick PE Chief, to Step Down

By Gregory Roth — 4 years ago

Steve LeBlanc, the innovative head of private investments at the $110 billion Texas Teachers’ Retirement System, the nation’s 6th largest pension, announced that he planned to step down in early June, confirmed a pension spokesman, Howard Goldman. In his four years as senior managing director, LeBlanc and his team invested $20 billion in 90 investments, according to a statement.