Home Authors Posts by Justin Mitchell

Justin Mitchell

Jeffrey Goldberger told the $17.2bn pension that PE managers told TorreyCove their holdings declined an average of 10 percent in value in Q1.
Hamilton Lane said it leveraged its size with the manager to negotiate even more attractive fees for its clients.
Oregon Treasury, Oregon Public Employees’ Retirement Fund, Oregon Investment Council, private equity, pension fund
The firm attracted several sizable commitments from larger LPs despite the disruption of the coronavirus pandemic.
Mario Giannini told Louisiana Teachers' investment committee to start looking into rescue capital opportunities "fairly quickly."
The firm raised $1bn more than its original $2bn target and could go as high as $3.5bn, partner Scott Graves said.
In a letter to the $58.8bn pension's board, Jonathan Grabel said LACERA would stick to its investment pace and also look for unique opportunities.
Massachusetts, state house, Boston
PE Director Michael Bailey also said 15 percent of its managers' portfolio companies were facing trouble.
LPs decide whether to accommodate for the denominator effect or to sit tight and wait for the right moment.
The pension's private equity program is still in its "development phase," but its consultant believes sticking to the plan during the market dislocation could prove profitable.
The $77.8bn pension had passed its July 2021 goal to grow its PE program, so it reset its targets as of April 1.
buyouts
buyouts

Copyright PEI Media

Not for publication, email or dissemination