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Preqin: Number of zombie funds continues to grow, up 12.5% in past year
truePreqin estimates 1,180 zombie private equity funds are in investor portfolios, with estimated unrealized assets of $126.6 billion. The number of zombie funds is up 12.5% from last July and up 18% from July 2013.
Oklahoma State Regents commits to 3 funds on behalf of endowment
trueOklahoma State Regents for Higher Education approved $16 million total in alternatives commitments on behalf of its endowment trust fund.
Illinois Teachers to launch private equity co-investment consultant search, allocates $590 million
trueIllinois Teachers’ Retirement System will initiate a search for three private equity co-investment consultants in early July.
Impact investing private equity funds don't necessarily sacrifice returns — study
trueInvesting in a private strategy that pursues social impact objectives will not always mean investors lose out on returns, but it does depend on the size and geographic target of the fund, said new research by Cambridge Associates and the Global Impact Investing Network.
SEC scrutinizing stapled transactions
trueGeneral partner-driven stapled transactions, a small but growing corner of the private equity secondary market, are drawing the attention of the Securities and Exchange Commission because of potential conflicts of interest and lack of transparency for limited partners.
Aberdeen to expand U.S. presence with FLAG Capital Management acquisition
trueAberdeen Asset Management will acquire U.S. and Hong Kong-based private equity and real assets funds-of-funds manager FLAG Capital Management, in a deal that will expand Aberdeen's presence in the U.S. market.
Los Angeles Fire & Police makes 2 venture capital commitments
trueLos Angeles Fire & Police Pension System committed a total of up to $40 million to two venture capital funds, agenda materials for the pension fund’s Thursday meeting show.
TPG adds managing director to life science venture capital business
trueHeath Lukatch has joined TPG Biotech, private equity firm TPG's life science venture capital business, as a managing director and partner.
Connecticut picks 3 semifinalists for private investment fund consulting services
trueConnecticut Treasurer Denise L. Nappier presented three semifinalists to provide private investment fund consulting services to the $29.5 billion Connecticut Retirement Plans & Trust Funds at the investment advisory council meeting Wednesday.
Arlington County puts $15 million in Franklin Park venture capital fund of funds
trueArlington County (Va.) Employees’ Retirement System committed $15 million to Franklin Park 2015 Venture Series.
Andreessen Horowitz co-founder: Venture capital not in a bubble
trueVenture capital investments as a whole are not in a bubble, said Ben Horowitz, co-founder and partner at Andreessen Horowitz, in a one-on-one conversation with Kara Swisher, co-CEO at Revere Digital and co-executive editor at Re/code, at the Milken Institute Global Conference on Tuesday.
Managers not diversifying fast enough from 'pale, male and stale' — CalSTRS' Ailman
trueLess than 5% of venture capital general partners are women, a percentage that has lingered over the past 20 years, said Sharon Vosmek, CEO of Astia, who moderated a sparsely attended panel titled “Women: Key Players in High-Growth Investment Strategies” at the Milken Institute Global Conference in ...
Venture capital activity dips but records highest Q1 investments since 2000
trueVenture capital firms invested $13.4 billion in 1,020 transactions in the first quarter, down 10% in dollars and 8% in number of deals from the fourth quarter, when venture firms invested $14.9 billion in 1,103 deals, said the MoneyTree Report from the National Venture Capital Association and ...
Largest VC funds raised in Q1
trueFifty-six U.S. venture capital funds raised a total of $8.1 billion in the first quarter, down 2.3% from the previous quarter and down 22.1% from the year-earlier quarter.
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.