Alternatives

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  1. Orchid Asia closes sixth China growth capital fund at US$920 million

    trueOrchid Asia Group Management announced Thursday the hard close of Orchid Asia VI, the Hong Kong-based firm's sixth China private equity growth capital fund, at US$920 million.

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  1. SEC rules Timbervest violated Investment Advisers Act

    trueAn SEC administrative law judge ruled Wednesday that institutional timber manager Timbervest LLC violated terms of the Investment Advisers Act of 1940.

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  2. JMI Equity closes 8th fund at $1 billion

    trueJMI Equity closed its latest private equity fund JMI Equity Fund VIII at $1 billion, besting its $900 million fundraising target, a JMI spokeswoman said.

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  3. Institutional investors looking to increase alternatives allocations — Preqin

    trueInstitutional investors’ appetite for and satisfaction with alternative investments is high and growing, new survey results from alternative investment industry researcher Preqin showed.

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  4. Norges Bank Investment Management restructures investment departments

    trueNorges Bank Investment Management has restructured its investment departments in line with a new strategy plan for Norway’s Government Pension Fund Global, Oslo, a spokesman said.

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  5. Texas Employees sets 2015 tactical plan for alternatives

    trueTexas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1.

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  6. SEC: Private fund manager AUM up 22% for year ended May 31

    trueRegulatory assets under management by private equity, hedge fund and other private fund managers required to register with the SEC increased 22% to $8.9 trillion in the year ended May 31.

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  7. Montana Board of Investment signs 5 fund managers

    trueMontana Board of Investments, Helena, made a total of $95 million in alternatives commitments, said materials prepared for the Aug. 19-20 board meeting.

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  8. Arizona State Retirement earmarks $90 million to 2 funds

    trueArizona State Retirement System, Phoenix, committed $50 million to Veritas Capital Fund V, a middle-market private equity fund managed by Veritas Capital Fund Management, investment committee meeting materials said.

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  9. TPG entices investors to $10 billion fund with fee discounts

    trueTPG Capital is offering investors discounts on management fees as it tries to raise a $10 billion buyout fund after investing in soured deals including TXU Corp. and Washington Mutual Inc.

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  10. CalPERS' real estate consultant cautions the pension fund's investment committee

    trueCalPERS' real estate consultant warned fund officials must maintain their "disciplined approach" to underwriting in the "overheated market."

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  11. HKMA's head of direct investments for private equity, real estate departs

    trueHuh Yong-Hak stepped down on July 23 as head of the Hong Kong Monetary Authority's direct investments in private equity and real estate.

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  12. UTIMCO fine tunes asset allocation for fiscal 2015

    trueUniversity of Texas Investment Management Co. officials proposed new asset allocation targets for the fiscal year ending Aug. 31, 2015, for the $25 billion the Austin-based firm manages in endowment funds for the University of Texas System and Texas A&M.

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  13. Cambridge Associates: Global developed private equity lags public counterpart, while emerging markets PE outperforms public markets in 2013

    truePrivate equity and venture capital firms that invest primarily in developed markets outside the United States returned 16.3% in 2013, as measured by the Cambridge Associates LLC Global ex-U.S. Developed Markets Private Equity and Venture Capital index. The MSCI EAFE index, by comparison, returned ...

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