Chris Witkowsky

To the outside world, Vista Equity Partners has always been about Chief Executive Officer Robert Smith. He is the face of and the driving force behind the firm, which has risen quickly into elite status. And so it’s fitting that in past funds Robert Smith has been the hinge on which key-man provisions get triggered. Should he […]

Former Pinebridge secondaries head Lambert joins Altamar Will open and run New York office for Madrid firm Altamar makes primary, secondary and co-investments Harvey Lambert, former head of secondaries at Pinebridge, is joining Madrid-based Altamar Capital Partners to open a New York office and help expand the firm’s presence in the United States. He left Pinebridge in […]

CalPERS board member calls for more transparency around PE Board president satisfied with level of PE disclosure on fee fight CalPERS pushes GP on more disclosure JJ Jelincic, a CalPERS director and outspoken critic of private equity, said the board should have been informed of a heated fee dispute that took place around year-end between pension staff and Thomas […]

CalPERS board member calls for more transparency around PE Board president satisfied with level of PE disclosure on fee fight CalPERS pushes GP on more disclosure JJ Jelincic, a CalPERS director and outspoken critic of private equity, said the board should have been informed of a heated fee dispute that took place around year-end between pension staff […]

Our cover story gives us a great example of why private equity limited-partner agreements, at the very least headline terms and conditions, should be public. I reported a previously undisclosed dispute between California Public Employees’ Retirement System and Thomas H. Lee Partners over interpretation of language in the LPAs for Funds V and VI. The disagreement centers on accelerated […]

Our cover story gives us a great example of why private equity limited-partner agreements, at the very least headline terms and conditions, should be public. I reported a previously undisclosed dispute between California Public Employees’ Retirement System and Thomas H. Lee Partners over interpretation of language in the LPAs for Funds V and VI. The […]

Silver Lake can only collect accelerated fees if it meets one of two criteria Fee must benefit LPs, or not hurt LPs because of an equivalent offset Policy appears to be first of its kind Silver Lake adopted a policy governing its use of accelerated monitoring fees that appears to be a first of its kind in the […]

Oak Hill targets $3 bln for buyouts Fund IV Firm narrowed investment focus Runs process to buy out existing LPs, inject fresh capital Oak Hill Capital is running a stapled secondary process as part of fundraising for its fourth buyout fund, targeting $3 billion, two people with knowledge of the situation told Buyouts. It’s not […]

CalPERS PE chief requests reimbursement from TH Lee Accuses firm of collecting fees without disclosing in LPAs TH Lee aggressively defends past practices The nation’s largest public pension fund has been engaged in a bitter dispute with Thomas H. Lee Partners over accelerated monitoring fees, Buyouts has learned. In correspondence obtained by Buyouts, Real Desrochers, private […]

Frank Ranlett managed pension assets since 1995 Ran portfolio valued at about $10 bln as of 2014 Company searching for new PE chief Frank Ranlett, who ran private equity for AT&T’s corporate pension, retired last month, according to a person with knowledge of the company. Ranlett worked as director of alternative investments on AT&T’s corporate […]