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University of Vermont commits $10 million to Asia private equity fund of funds
trueUniversity of Vermont committed $10 million to Asia Alternatives Capital Partners IV, a private equity fund of funds.
Apollo Global assets up 45.4% for year; income drops significantly
trueApollo Global Management reported assets under management of $163.9 billion as of Sept. 30, up 45.4% from a year earlier. The increase was attributed to the growth in Apollo's credit and private equity business.
Fortress Investment sees 14% rise in AUM for year ended Sept. 30
trueFortress Investment Group's assets under management rose to $66 billion as of Sept. 30, up 3.4% from three months earlier and up 14% from a year earlier.
Ohio Police & Fire earmarks $230 million for 4 funds
trueOhio Police & Fire Pension Fund made four new commitments totaling up to $230 million.
Warburg Pincus closes $4 billion energy fund
trueWarburg Pincus closed its latest private equity fund, the $4 billion Warburg Pincus Energy Fund, surpassing its $3 billion target and hitting its hard cap.
Oklahoma Police earmarks $50 million for real estate, private equity
trueOklahoma Police Pension & Retirement System committed a total of $50 million to three alternatives managers.
New Hampshire commits to co-investments with BlackRock, terminates PIMCO
trueNew Hampshire Retirement System, Concord, committed $150 million to a private equity co-investment strategy managed by BlackRock Private Equity Partners. The pension fund also terminated PIMCO from a $200 million active domestic core-plus fixed-income portfolio.
Managers more serious about compliance
truePrivate equity and hedge fund managers, prodded by their institutional clients, are taking compliance more seriously as federal examiners and enforcers up their game targeting practices they say put investors at a disadvantage.
Ontario Teachers aims to clean up with new investment
trueThe C$140.8 billion (US$125.5 billion) pension fund acquired a 30% stake in CSC ServiceWorks, Plainview, N.Y., which leases coin-operated laundry machines and gas station tire pumps throughout North America and Europe. The stake was bought from private equity manager Pamplona Capital Management by ...
Private equity index gains 3.1% in first quarter
trueThe Cambridge Associates U.S. Private Equity index returned 3.1% in the first quarter of 2014, the firm said Wednesday. U.S. private equity outperformed its public markets counterpart (as measured by the Wilshire 5000 index) by 163 basis points.
DeAWM closes third secondary fund at $1.66 billion
trueDeutsche Asset & Wealth Management closed its DB Secondary Opportunities Fund III at its $1.66 billion hard cap.
Largest U.S. venture capital deals in Q3
trueVice Media Inc. topped the list of largest U.S. venture capital investments during the third quarter of 2014. The firm raised $500 million in the third quarter – half from Technology Crossover Ventures and the other $250 million from A&E Networks.
Global, diversified managers in best position moving forward — report
trueImprovements in technology and regulatory reform have made geographical constraints even less of an issue in terms of capital management, resulting in the asset management industry becoming more global, a recent report by Goldman Sachs said.
Florida SBA sells private equity stakes to Partners Group
trueFlorida State Board of Administration, Tallahassee, sold its stakes in eight limited partnerships in which it invested a combined €314.8 million ($401.5 million) in European private equity, John Kuczwanski, FSBA communications manager, said in an e-mailed response to questions.
Louisiana Firefighters puts $15 million in buyout fund
trueLouisiana Firefighters’ Retirement System, Baton Rouge, committed $15 million to CCMP Capital Investors III, a buyout fund managed by CCMP Capital Advisors, said recently released board meeting minutes.