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Texas County & District commits $85 million to private equity, venture capital funds
trueTexas County & District Retirement System, Austin, committed a total of $85 million to two private funds managed by Summit Partners, said a transaction report on the $24.6 billion pension fund's website.
Nashville & Davidson County commits $235 million to 6 funds
trueNashville (Tenn.) & Davidson County Metropolitan Government Employee Benefit Trust Fund made six new commitments totaling up to $235 million.
TPG recruits CEO of new real estate debt unit
trueTPG hired Greta Guggenheim as CEO of TPG Real Estate Finance Trust, its newly formed real estate debt unit.
Secondary market prices to fall in second half of 2015 — NYPPEX
truePrices for alternative investment fund limited partnership interests are expected to drop in the second half of this year — with secondary median bids declining about 3.5% to an average of 80.18% of net asset value — driven down by fewer exits and less distribution of capital back to investors, ...
Palamon Capital Partners' limited partners in 2 funds sell interests to consortium
truePalamon Capital Partners completed a transaction that allowed limited partners in two of its European private equity funds to sell their interests to a consortium of five money managers.
El Paso fire and police pension fund commits to Latin America private equity fund
trueEl Paso (Texas) Firemen & Policemen Pension Fund committed $8 million to Southern Cross Latin America Private Equity Fund V.
Oklahoma Police pension fund earmarks $7.5 million to CenterOak fund
trueOklahoma Police Pension & Retirement System committed $7.5 million to CenterOak Equity Fund I, a lower middle-market buyout fund.
San Mateo County earmarks $15 million for agricultural and commodities fund
trueSan Mateo County Employees' Retirement Association, Redwood City, Calif., committed $15 million to a private equity fund managed by Blue Road Capital
Retailers' property purges will pump up deal flow
trueRising commercial real estate prices are enticing more retailers, including Macy's and Sears, to sell their properties, creating a growing source of real estate deal flow.
Private equity has evolved from 'Barbarians' of '80s
trueIf the number of hostile takeovers continues its predicted rise this year, don't expect a repeat of the 1980s when private equity firms played a central role. One example from that era is the $25 billion takeover of RJR Nabisco Inc. that gave rise to the finance geek classic book and movie ...
Louisiana Municipal Police names 2 finalists for private equity
trueLouisiana Municipal Police Employees Retirement System, Baton Rouge, named HarbourVest Partners and Warburg Pincus as finalists in an invitation-only search to commit $15 million to a private equity fund, said Kathy Bourque, director.
Co-head of TPG's Asian business leaving to start own firm
trueBenjamin Gray, co-head of the Asian business at alternative investment firm TPG, is planning to leave the firm once the current $3.3 billion TPG Asia VI fund has been invested.
San Diego City commits $50 million to Davidson Kempner fund
trueSan Diego City Employees' Retirement System committed $50 million to Davidson Kempner Special Opportunities Fund III.
Texas Employees sets private equity, hedge fund pacing for fiscal 2016
trueTexas Employees Retirement System plans to commit about $950 million to between six and 10 new private equity funds and co-investments in the fiscal year ending Aug. 31, 2016.
Montana Board of Investments slates $40 million in alternatives commitments
trueMontana Board of Investments made a total of $40 million in alternatives commitments, said materials prepared for this week's board meeting.