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Veritas closes $1.9 billion private equity fund after 3 months
trueVeritas Capital Fund Management has held a first and final close at $1.875 billion for its latest middle-market private equity fund, Veritas Capital Fund V, after just three months of fundraising, spokeswoman Alexandra LaManna said in an e-mail.
Preqin: Private equity distributions reach record in 2013
trueInstitutional investors received $568 billion in distributions from their private equity investments in 2013, the highest annual level ever recorded, and up from $381 billion in 2012, said a report from Preqin.
Ares Management's AUM surges 30% for the year
trueAres Management's assets under management totaled $79.2 billion as of June 30, up 2.8% from March 31 and up 30.1% from June 30, 2013.
Lexington, AlpInvest Partners acquiring half of One Equity Partners' portfolio
trueLexington Partners and AlpInvest Partners are acquiring J.P. Morgan Chase's interests in about 50% of the portfolio companies held by J.P. Morgan's private equity subsidiary, One Equity Partners.
First-half secondary private equity purchases by type
trueIn its secondary market volume report, Setter Capital reported $11.3 billion in private equity fund purchases in the first half of 2014.
LACERS reviewing its private equity portfolio
trueLos Angeles City Employees’ Retirement System board members plan to review the $13.9 billion pension fund’s private equity portfolio
China Life Insurance Co. takes stake in TPG
trueChina Life Insurance Co. is making a $250 million investment in alternative investment firm TPG
Ardian in talks to buy $2 billion of Abu Dhabi private equity fund stakes — sources
truerdian is in talks to purchase more than $2 billion in private equity fund stakes from Abu Dhabi Investment Authority, according to two people with knowledge of the deal.
Philadelphia Board of Pensions earmarks $60 million for Veritas
truePhiladelphia Board of Pensions and Retirement committed $60 million to Veritas Capital Fund V, a private equity fund managed by Veritas Capital Fund Management.
Millcreek Township plan taps Neuberger Berman for private equity
trueMillcreek Township Combined Pension Plan, Erie, Pa., hired Neuberger Berman to run a $4 million private equity fund-of-funds portfolio.
Evercore acquires ISI, remaining 40% of its equities business
trueEvercore Partners agreed to acquire International Strategy and Investment Group, a research and trading business.
Joint venture to make environmentally friendly investments in Asia
trueRobeco Institutional Asset Management will manage assets of a newly created private equity joint venture that will make investments in environmentally supportive, low-carbon projects throughout Asia.
Poor returns forcing CalPERS to cut cord on health-care fund
trueCalPERS is ending its unique experiment as the sole limited partner of Health Evolution Partners Inc., a private equity firm that focuses on health-care companies.
Singapore's GIC takes small steps in its direct private equity portfolio
trueSingapore's GIC Pte Ltd. has made a growing number of small-scale private equity investments this year, each amounting to between two and three basis points of the sovereign wealth fund's estimated portfolio size.
Shadow capital's growth could change private equity, real estate
trueThe growing popularity of direct investment and co-investment in private equity and private equity real estate is threatening to change the general partner-limited partner relationship.