TPG Capital raising up to $2 billion for bridge fund

By Reuters News — 2 years ago

TPG Capital is asking some of its key investors for up to $2 billion to spend on deals until it raises a new $10 billion flagship fund, writes Reuters. TPG told a public meeting of one of its investors, the Oregon Investment Council, that it was seeking between $1.6 billion and $2 billion for an interim fund that was intended to serve as “bridge investment capital” until it starts raising its first major global fund since the financial crisis. It raised a $19 billion fund, called TPG Partners VI, in 2008.

Continue

Oregon Commits $400M To Several PE Strategies

By Gregory Roth — 3 years ago

The Oregon Investment Council, one of the nation’s largest private equity investors, committed $400 million across five funds since its previous meeting, according to the meeting minutes and the council’s spokesman, James Sinks. The new commitments are the first under the council’s new chief investment officer, John Skjervem, who began the job in November.

Continue

Oregon Taps Skjervem As New CIO

By Gregory Roth — 3 years ago

After a year-long search, Oregon’s Treasury named John Skjervem as the chief investment officer for the state’s main pension funds, which collectively manage $74 billion in assets. Skjervem replaces Ronald Schmitz, who announced last September that he was leaving…

Continue