Dietrich Knauth

U.S. buyout funds raised more than $81.5 bln in Q2 Fundraising for first six months totals $160 bln, up from $86 bln in first six months of 2018 More demand for  lower-risk strategies as downturn remains a concern Fundraising remained active in the second quarter, with U.S. buyout funds raising more than $81.5 billion combined. The […]

CalPERS committed $750 mln to Blackstone’s latest megafund The pension has committed $4.5 bln to Blackstone since 2010 CalPERS also committed to a Stone Point Capital fund California Public Employees’ Retirement System committed $750 million to Blackstone Capital Partners VIII, which has raised more than $22 billion to date. The $365 billion pension made the […]

Texas ERS updated its pacing plan to account for recent large commitments The recent commitments include two LGT Capital Partners funds TA Associates, TPG, and Advent also received allocations Texas Employees’ Retirement System committed $385 million to private equity in May, a busy month that contributed to pension’s decision to lift its pacing target for […]

The $150 bln retirement system has a 13 pct target for PE Hellman & Friedman, TA Associates received large commitments Texas Teachers is considering a 1-2 pct increase in its PE target Teacher Retirement System of Texas committed more than $300 million to private equity in May, investing with two large buyout firms and a […]

Why is this important: Pension makes progress on higher PE pacing plan for 2019 Los Angeles City Employees’ Retirement System at its May meeting reported $200 million in private equity and venture capital commitments, making progress on a planned pacing increase for 2019. The commitments put LACERS on track to meeting a 2019 pacing target of […]

Plans to commit $550 mln-$575 mln to PE in 2019 Added new GP, Genstar, to roster of managers Pledges included mid-market, growth and venture funds Los Angeles City Employees’ Retirement System at its May meeting reported $200 million in private equity and venture capital commitments, making progress on a planned pacing increase for 2019. The commitments […]

73 pct of North American LPs said PE demanding more time and attention LPs have mixed feelings on GP minority stake sales Investors more comfortable with new strategies launched by trusted GPs Limited partners don’t always feel as if they have enough time or resources to evaluate GP-led secondary processes, and in general they feel […]

State’s PE target up to 12 pct from 10.25 pct No longer treats debt-related PE as separate asset Warburg raising $4.25 bln for China-Southeast Asia fund New Jersey’s state pension system increased its PE allocation target to 12 percent and committed to a Warburg Pincus fund. New Jersey State Investment Council, which manages $76.5 billion […]

Why this is important: Alaska keeps fiscal 2020 pacing at fiscal 2019 level, has room to invest more via secondaries AUM: $65 bln PE target: 13 pct; allocation: 12.3 pct Reach the fund: contact@apfc.org or +1 907-796-1500 Alaska Permanent Fund Corp plans to commit $1.6 billion to private equity funds in fiscal 2020, although it has […]

Alaska Permanent Fund is exploring a secondary sale to trim old commitments The fund is partially motivated by avoiding the denominator effect The pacing plan allows for a range of $1 bln to $2.1 bln in commitments Alaska Permanent Fund Corp plans to commit $1.6 billion to private equity funds in fiscal 2020, although it has […]