Watch breaking news videos and read news updates about Private Equity on pionline.com
Nomura Asset Management announces China private equity joint venture
trueNomura Asset Management Co. has formed a 50-50 joint venture in Shenzhen with Shenzhen Hua Xia Ren He Capital Management Co. to offer China-domiciled private equity funds and venture capital funds to domestic and overseas investors.
Dyal, co-investors buy 10% stake in Providence Equity Partners
trueDyal Capital Partners and four institutional co-investors acquired a passive equity stake of about 10% in private equity manager Providence Equity Partners, confirmed two sources who spoke on condition of anonymity.
CalPERS to choose private equity consultant finalists
trueCalPERS staff will ask the $302 billion pension fund's investment committee at its Sept. 15 meeting to approve the selection of three finalists for the committee's private equity consultant — incumbent Pension Consulting Alliance, Albourne America and Meketa Investment Group.
El Paso Firemen & Policemen commits to Centerbridge fund
trueEl Paso (Texas) Firemen & Policemen Pension Fund committed an initial $4 million to Centerbridge Capital Partners III, a distressed debt fund managed by Centerbridge Partners, pending legal review.
Siguler Guff hires EMEA managing director
trueRemy Kawkabani was named managing director and head of Europe, the Middle East and Africa at private equity manager Siguler Guff & Co.
Carlyle closes fourth Asia fund at $3.9 billion
trueThe Carlyle Group closed its fourth Asia private equity fund at $3.9 billion, exceeding the fund’s $3.5 billion fundraising target, spokesman Christopher Ullman said in an e-mail.
New Mexico State Investment Council adjusts allocation
trueNew Mexico State Investment Council, Santa Fe, is reducing the opportunistic credit allocation of its $4.4 billion fixed-income portfolio to 15% from 21.2%, said Charles Wollmann, spokesman for the $19.8 billion endowment.
Adams County Retirement Plan plans private equity commitments
trueAdams County Retirement Plan, Brighton, Colo., is expected to make new commitments to private equity, the result of an increased allocation to the asset class.
Highland Capital head of private equity resigns
truePatrick Boyce, partner and head of private equity at alternative investment firm Highland Capital, has resigned.
Vector fund connects Harvard, CalPERS money to Caribbean payday loans at 600%
trueAlex Slusky was under pressure to put the money in his private equity fund to work. The San Francisco technology financier had raised $1.2 billion in 2007 to buy and turn around struggling software companies. By 2012, investors including Harvard University were upset that about half the money ...
CalSTRS' private equity portfolio outperforms benchmark by 300 basis points annually over 10-year period
trueCalSTRS' private equity portfolio outperformed its policy benchmark over the 10-year period ended June 30, but failed to top its index over all other periods. Its private equity portfolio returned an annualized 13.8% for the 10-year period, 300 basis points higher than its index, annually.
CalSTRS commits $1.4 billion to private equity, real estate
trueCalSTRS made $675 million in private equity commitments and $800 million in real estate commitments in the three-month period ended June 30, said activity reports filed in connection with the $186.6 billion pension fund's upcoming Sept. 5 board meeting.
El Paso County makes first private equity commitment
trueEl Paso County Retirement Plan approved a new 5% allocation to private equity and committed to Private Advisors as its first private equity manager.
Phoenix City Employees signs Neuberger Berman for private equity fund of funds
truePhoenix City Employees’ Retirement System hired Neuberger Berman to manage $150 million in a customized private equity fund-of-funds portfolio.
CalPERS commits $4.5 billion to private equity across 17 opportunities in FY 2014
trueCalPERS committed $4.47 billion to 12 private equity funds and five co-investment opportunities in the fiscal year ended June 30.