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Lawrence Aragon

Hires StepStone as non-discretionary advisor Plans to commit $300 mln to $550 mln per year Initial commitments likely to come in Q4 Texas Municipal Retirement System is a holdout no longer. The board of the $24 billion retirement system approved the hiring of StepStone last week to advise on the construction of a $1.2 billion […]
Whitecap Venture Partners, one of Canada’s oldest family-owned venture firms, has exceeded the initial target set for its third technology fund after opening the door to third-party investors for the first time. The Toronto-based firm announced in late April that Whitecap III LP has secured $70 million in committed capital. That’s 40 percent more than […]
PRIVATE EQUITY FIRMS Baceline Investments has hired Marty Turco as director of business development. Turco is a former NHL player who served as a goaltender at a number of teams that included the Dallas Stars. Balderton Capital has hired Nicolas Debock as a principal. Previously, Debock worked at French venture firm XAnge. Castanea Partners has […]
Allstate Investments,which manages investments on behalf of the insurance giant, plans to expand its alternatives portfolio over the next several years in part by building its investment team to execute more co-investments, Senior Managing Director Russell Mayerfeld told Buyouts.
The California Public Employees’ Retirement System said on Wednesday, Oct. 8 that it would employ GCM Grosvenor to run its new $200 million private equity emerging manager commitment, according to Reuters news service.
* $200 mln program for emerging managers * Split between two $100 mln allocations * CalPERS has long track record in field The California Public Employees’ Retirement System said on Wednesday, Oct. 8 that it would employ GCM Grosvenor to run its new $200 million private equity emerging manager commitment, according to Reuters news service. […]
The Virginia Retirement System has committed a total of $800 million to private equity separate accounts managed by Grosvenor Capital Management and Asia Alternatives, spokeswoman Jeanne Chenault told Buyouts in an email.
Many limited partners claim to adhere to a policy of sticking to core managers. But few have executed on that policy with the level of consistency demonstrated by the Chicago Teachers’ Pension Fund.
The U.S. leveraged loan market is showing no signs of a seasonal slowdown. A flurry of opportunistic leveraged loans from issuers backed by strong demand from institutional investors suggests that the market may have recovered from a bout of weakness earlier this year just as geopolitical risk is increasing.
The placement agency business may be crowded, but investment bank Moelis & Co. isn’t just looking to dip its toe in the water after hiring four members of the fund placement team at rival Greenhill & Co.
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