Chris Witkowsky

LPs more comfortable with carry paid to GPs after they get paid Emerging GPs still use deal-by-deal carry distribution LP touts a yearly management fee review Emerging managers should structure their early funds so they can’t collect carried interest until limited partners are paid back, a panel of LPs suggested at a Buyouts conference Tuesday. […]

Michael Donatucci was appointed to CIO in April Worked at SEI prior to joining pension Was engaged to be married Michael Donatucci, 30, the newly appointed chief investment officer of Philadelphia’s city pension system, died Friday. “My thoughts and prayers are with the Donatucci family. Mike was a wonderful and talented man who will be […]

Former alternatives director Ranlett retired this year Fink worked at Canterbury for about two years Previously worked at StepStone, Parish Capital Kimling Fink, a private equity consultant at Canterbury Consulting, joined AT&T’s pension on the PE team, according to a person with knowledge of the move. Fink changed her LinkedIn profile indicating she joined AT&T […]

King died while on vacation with his family Co-founded Revelstoke in 2013 with two other former KRG execs Not clear what happened to him Mark King, the co-founder and co-managing partner of Revelstoke Capital Partners, died Wednesday while on vacation with his family, according to the firm. King was 56. The cause of death wasn’t […]

CalPERS cites ‘conflicts of interest’ in objection Says firm collected over $500 mln in fees from Fund XI Proposed plan now goes before full LP base First, Thomas H. Lee Partners; now, First Reserve. CalPERS, the largest public pension fund in the U.S., is again forcing an issue of critical importance to the private-equity industry into […]

Vista quietly talks with LPs about micro-cap fund Nothing set in stone Fund could target $400 mln Vista Equity Partners has been in quiet discussions with some limited partners about launching a micro-cap fund that would target the small end of the market, according to three people with knowledge of the discussions. Nothing is set […]

Luca Salvato is a partner in New York Has worked at Coller since 2000 Unclear why he left Luca Salvato, a partner at Coller Capital, is leaving the firm — another longtime professional exiting the ranks of the firm’s senior leadership. It’s unclear why Salvato is leaving. He joined in 2000 and worked out of […]

Pantheon, ICG would buy out existing Fund XI LP stakes Restructured Fund XI will reset carry for GP Lazard is adviser on the process Pantheon and Intermediate Capital Group are lead investors in the restructuring of First Reserve’s Fund XI, according to three people with knowledge of the process. The restructuring proposal would give the Greenwich, […]

I’m not one to begrudge someone wanting to make more money. If you’ve got the opportunity, go for it (as long as it’s legal). I want to state that right up front. Having said that, I will add that something seems a little … unsavory about former regulators moving into the industries they once regulated. At […]

CalPERS hired FTI Consulting for PE compliance review System reviews large GPs compliance with LPAs Report shows compliance across the board California Public Employees’ Retirement System hired a firm to audit its private equity program and determine whether certain general partners were complying with various aspects of their limited-partner agreements, according to two people with knowledge of […]