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Bain Capital hires former Massachusetts governor for impact fund
trueDeval Patrick, former governor of Massachusetts, on Tuesday joined alternative investment firm Bain Capital to found a new business investing in projects with social impact.
eVestment: Alternative assets under administration rise 16.8% in 2014
trueAlternative assets under administration in 2014 totaled $6.862 trillion, up 16.8% from the prior year, eVestment said in a survey released Monday.
CalPERS slates $110 million for Onex Partners co-investment
trueThe $300.5 billion California Public Employees’ Retirement System, Sacramento, committed to a co-investment with private equity firm Onex Partners.
PennPSERS recruits private debt portfolio manager
trueJames Del Gaudio was named private debt portfolio manager at Pennsylvania Public School Employees' Retirement System, said Evelyn Williams, spokeswoman for the $51.7 billion pension fund.
Apax Partners said to ready IPO in drive for permanent funds
trueApax Partners, one of Europe's largest private equity firms, is readying an initial public offering that would widen investors' access to its funds, people with knowledge of the matter said.
Wisconsin Investment Board moving $660 million to private equity, real estate
trueState of Wisconsin Investment Board made eight private equity commitments totaling $390 million and two real estate commitments totaling $270 million.
San Francisco City & County commits $50 million to Blackstone fund
trueSan Francisco City & County Employees’ Retirement System committed up to $50 million to Blackstone Capital Partners VII.
Tulare County exploring options to reach 5% private equity target
trueTulare County Employees' Retirement Association is exploring ways to bring its private equity allocation closer to its 5% target.
MassPRIM commits $650 million to 4 private equity funds
trueMassachusetts Pension Reserves Investment Management Board committed a total of $650 million to four private equity funds.
CPPIB teams up with Permira to acquire Informatica
trueCanada Pension Plan Investment Board, Toronto, and private equity firm Permira on Tuesday announced they agreed to acquire data software provider Informatica for $5.3 billion.
Activists' success rate increasing
trueActivist investors' success rate rose to 73.8% in 2014, up from 66.6% a year earlier and up from 67.8% in 2013. Success rate is defined as "activist demands that were either fully or partially satisfied by the target company."
Bain: Asia-Pacific region sees record private equity activity in 2014
truePrivate equity activity in the Asia-Pacific region surged to record levels in 2014, rebounding from two years of declines, said Bain & Company in a report released Tuesday.
New Mexico council agrees to settlement with private equity manager
trueNew Mexico State Investment Council, Santa Fe, on Monday settled a dispute with private equity manager Spyder Management, which agreed to pay $3 million to the council and buy the remainder of the council’s investment with the firm for its current net asset value of about $1.9 million, said Charles ...
New Mexico PERA committing up to $210 million to alternatives
trueNew Mexico Public Employees Retirement Association, Santa Fe, committed up to $150 million to real estate opportunity fund KSL Capital Partners IV and up to $50 million to 57 Stars for an emerging markets private equity separate account.
Big private equity managers ruling the roost
trueTen private equity firms account for nearly 60% of the $1.5 trillion in total assets under management for 50 firms, according to year-end data collected by Pensions & Investments.