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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.
University of Michigan earmarks $102 million; returns 18.8% in FY
trueUniversity of Michigan, Ann Arbor, committed a total of $101.8 million to five alternative investment funds and one co-investment opportunity, and also reported its fiscal year returns.
Virginia Retirement System commits $700 million to 3 managers
trueVirginia Retirement System, Richmond, committed $500 million to private equity and $200 million to real estate in recent weeks.
Blackstone's AUM up 15% for the year
trueBlackstone Group's assets under management totaled $284 billion as of Sept. 30, up 1.8% from $279 billion in the second quarter and up 15% from the previous year, the alternative investment firm reported Thursday.
Texas Teachers is top private equity performer — report
trueTexas Teacher Retirement System had the best 10-year annualized private equity returns among public pension funds for the end of fiscal year 2013, a report from the Private Equity Growth Capital Council said.
Texas County & District puts $50 million in Asia private equity
trueTexas County & District Retirement System, Austin, committed $50 million to Baring Asia Private Equity Fund VI, said Russ Rhea, spokesman for the $23 billion pension fund, in an e-mail.
Germany's BVK favors buyout, hedge funds
trueGermany’s biggest public pension fund plans to invest more in private equity and hedge funds and reduce its bond holdings as low interest rates curb returns.
Vista Equity Partners closes fifth fund at $5.78 billion
trueVista Equity Partners closed its largest private equity fund, Vista Equity Partners Fund V, at $5.78 billion, said a news release from the money manager.
Former IFC CIO joins Morgan Stanley Alternative Investment Partners
trueDavid Wilton has joined Morgan Stanley Alternative Investment Partners as managing director, said Matt Burkhard, spokesman.
World Bank seeks investors for infrastructure with new platform
trueThe World Bank is seeking to help developing countries find money for infrastructure projects with a platform that aims to make them attractive to investors such as pension funds.
Woburn, Mass., seeks private equity co-investment
trueWoburn (Mass.) Retirement System is searching for a private equity manager to run up to $5 million.