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Los Angeles City Employees sets up to $45 million total for 2 buyout funds
trueLos Angeles City Employees’ Retirement System committed up to $25 million to private equity fund Bain Capital Asia Fund III and up to $20 million to private equity fund Harvest Partners VII.
Vermont commits $30 million to HarbourVest secondaries fund
trueVermont Pension Investment Committee committed $30 million to HarbourVest Partners’ Dover Street IX, a secondary private equity fund, for the $3.7 billion Vermont State Retirement Systems.
Quebec manager takes ride on the rails with Bombardier stake
trueCaisse de Depot et Placement du Quebec, Montreal, on Nov. 19 agreed to acquired a 30% stake in Bombardier Transportation U.K. Ltd., a newly created holding company for the rail unit of Canadian transportation company Bombardier Inc.
New opportunities opening for women in private equity
trueThe next generation of female private equity executives inching their way up the management ladders has more options than their predecessors.
CalPERS reports private equity fees; N.J. prepares to issue its own study
trueCalPERS said last week, in a long-awaited disclosure, that it had paid $3.4 billion in carried interest performance fees to private equity managers since 1990 but had received $24.4 billion in net gains during that period.
SEC management enforcement unit evolves into respected watchdog
trueAs the Securities and Exchange Commission celebrates the fifth anniversary of an enforcement unit dedicated to the money management industry, people inside and out of the agency say the unit has led to a better understanding — and scrutiny — of that industry to the benefit of investors.
CalPERS reports seven times more in net gains vs. carried interest over 25 years
trueCalPERS said Tuesday in a long-awaited disclosure that since 1990 it had paid $3.4 billion in carried interest performance fees to private equity managers but had received $24.4 billion in net gains over that period.
Petco valuations through the years
trueCVC Capital Partners and the Canada Pension Plan Investment Board announced they had entered into an agreement to buy Petco Animal Supplies from TPG and Leonard Green & Partners for $4.6 billion.
Warburg Pincus raises $12 billion for latest private equity fund
trueWarburg Pincus raised $12 billion for its latest private equity fund, Warburg Pincus Private Equity XII.
Texas County & District commits $80 million to TSG funds
trueTexas County & District Retirement System committed $64 million to TSG7 A and $16 million to TSG7 B.
LACERA invests $300 million in credit hedge fund of funds, commits $206 million
trueLos Angeles County Employees Retirement Association invested $300 million in a customized opportunistic credit hedge fund-of-funds portfolio managed by Grosvenor Capital Management.
Ohio Public Employees allocates $900 million to private equity, real estate
trueOhio Public Employees' Retirement System made new private equity commitments totaling $706 million and one new real estate commitment totaling $200 million.
Arizona Public Safety makes $50 million commitment to TSG funds
trueArizona Public Safety Personnel Retirement System committed up to $50 million total to TSG 7A and TSG 7B funds.
University of Michigan slates $302 million for 7 managers
trueUniversity of Michigan invested or committed a total of $302 million in nine investment strategies from its $9.8 billion long-term endowment pool.
University of Houston sets $15 million for private equity, terminates 3 hedge funds
trueUniversity of Houston System committed $15 million total to two private equity funds on behalf of its roughly $610 million endowment.