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Global IPO market grinds to halt in Q3
trueDuring the third quarter, the global initial public offering market had its slowest issuance since the first quarter of 2012.
First State Super, Hostplus commit to Blackbird venture capital funds
trueFirst State Super and Hostplus Super committed A$110 million ($79 million) and A$35 million, respectively, to funds being raised by Australian venture capital manager Blackbird Ventures for investment in technology startups.
Texas County & District commits $85 million to private equity, venture capital funds
trueTexas County & District Retirement System, Austin, committed a total of $85 million to two private funds managed by Summit Partners, said a transaction report on the $24.6 billion pension fund's website.
Texas County & District sets $50 million for China venture capital fund
trueTexas County & District Retirement System, Austin, committed $50 million to IDG China Capital Fund III.
CalPERS' co-investments top private equity performance over long term
trueBy investment structure, co-investments/direct investments had the highest 10-year returns in CalPERS’ private equity portfolio. Through June 30, co-investments had an annualized 10-year return of 16.5%, according to the pension fund’s semiannual private equity performance report, prepared by ...
U.S. private equity and venture capital benchmarks post double-digit gains in 2014
trueCambridge Associates’ U.S. Private Equity index and U.S. Venture Capital index gained 11.2% and 21.5%, respectively, in 2014.
Baton Rouge commits to Top Tier Capital fund of funds
trueBaton Rouge (La.) & Parish of East Baton Rouge Employees’ Retirement System committed $12.5 million to Top Tier Venture Velocity Fund, a venture capital fund of funds.
Colorado Fire & Police commits $45 million to alternatives funds
trueColorado Fire & Police Pension Association made $45 million total in alternatives commitments.
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.