Chris Witkowsky

Vinci could target up to $800 mln for Fund III Fund II nearly fully deployed Execs to invest own money in deals before launching fund Vinci Partners could come back to market in the second half with a potential $800 million target for its third fund, according to a person with knowledge of the firm. […]

First Reserve close to settlement with SEC Issues include expenses at portfolio company Senior-adviser fees should have been offset against management fee First Reserve agreed to reimburse its investors $12.7 million and pay a $5 million fine to settle a Securities and Exchange Commission investigation  into various fee and expense practices, according to an LP with […]

CalPERS sent out ILPA reporting template in January Seeks portfolio company-level fee info GPs adjust to the template California Public Employees’ Retirement System has been asking its private equity managers for detailed portfolio-company-level fee information, according to three people with knowledge of the system. The system, like other large public pensions, in January started sending its general […]

CalPERS sent out ILPA reporting template in January Seeks portfolio company-level fee info GPs adjust to the template California Public Employees’ Retirement System has been asking its private equity managers for detailed portfolio-company-level fee information, according to three people with knowledge of the system. The system, like other large public pensions, in January started sending its […]

Torsella calls for placement agent ban in Pennsylvania Voit says, ‘I won’t use them’ Pension official warns of harm to pension fund A ban on placement agents working with Pennsylvania’s two public pension funds could be in store. A candidate for state treasurer called for a ban on third-party marketers like placement agents from interacting with […]

Torsella calls for placement agent ban in Pennsylvania Voit says, ‘I won’t use them’ Pension official warns of harm to pension fund A ban on placement agents working with Pennsylvania’s two public pension funds could be in store. A candidate for state treasurer called for a ban on third-party marketers like placement agents from interacting with […]

GPs should watch for the next big issues on the SEC’s radar as the agency moves forward with its increased scrutiny of the industry. These include ensuring that firms have robust cybersecurity policies in place and paying more attention to waterfall distribution calculations and end-of-fund-life issues. Going forward, the agency will focus on these themes along […]

Recent ultra-exclusive secondary dinner held in London Attracts more than 50 secondary buyers Sentiment is one of subdued anticipation for more deals At a recent super-secret secondaries dinner held primarily for buyers in London, attendees were asked to fill out a survey and list a few of their “provocative” ideas for the future of secondaries. […]

Gores pre-markets Fund IV Lost at least 15 executives over past two years 10.5x return on Therakos sale Gores Group last year postponed its annual meeting to October from April, a move described by a person close to the firm as a way to complete pending transactions before getting in front of limited partners. Several […]

Firm: Level Equity Management Fund: Level Equity Growth Partners III LP Target: $350 mln Level Equity Management held a final close on its third fund Monday with $350 million of limited partner commitments, according to Level Equity Chief Operating Officer Nathan Linn. It’s not clear how big the fund is including the GP commitment. Level on March 17 […]