Patrick Mulholland

Firm “more a lead co-investor than an LP”: Russell Firm’s model steady; independent-sponsor market evolved More than half Tuckerman’s deals with repeat partners Tuckerman Capital is a private investment firm that works exclusively with independent sponsors to acquire niche middle-market industrial companies. The firm has raised five funds. Co-Founders Peter Milliken and Tim Briglin conceived of the idea […]

Maine PERS AUM:$14.3 billion Target allocation to PE/Growth Opportunities: 15 percent Actual allocation to PE/Growth Opportunities: 13.2 percent Key advisers/consultants: Berry Dunn Whom to contact for a meeting: Andrew Sawyer (sawyer@mainepers.org) Why this is important: Maine PERS is the latest in a string of pensions to make a significant push toward direct lending funds. Maine Public Employees Retirement System […]

AUM: $64.9 billion Target allocation to PE/Growth Opportunities: 14 percent Actual allocation to PE/Growth Opportunities: 11.3 percent PE strategy: In the 2017 annual report, Alaska Permanent Fund said it would increase the PE share of its overall portfolio from 11.3 percent to 14 percent. Key advisers/consultants: Callan Associates Inc Whom to contact for a meeting: […]

Why is this important: Unusual strategic vehicle enables favored LPs to lock in allocations with oversubscribed fund lines Target: Up to $1 bln Contact: info@higcapital.com or +1 305-379-2322 H.I.G. Capital, a popular mid-market buyout shop that has diversified into ancillary strategies, is targeting up to $1 billion for a fund of funds. The fund appears to be […]

Investment staff commits $50 mln on own discretion, on top of $50 mln already committed First two Blackstone energy funds show promise Blackstone making a push in specialized funds Blackstone has received a lift on its latest energy fund after New Mexico State Investment Council doubled down on its commitment to the leading asset-management company. […]

New Mexico State Investment Council Assets under management: $23.9 billion Target allocation to PE/VC: 12 percent Actual allocation to PE/VC: 10.76 percent PE/VC strategy: Since 2011, the private equity portfolio has targeted larger fund commitments of  $75  million-$100  million Key advisors/consultants: Pavilion Alternatives Group Who to contact for a meeting: Charles Wollmann (charles.wollmann@state.nm.us) Why this is […]

Assets under management: $12.4 billion Target allocation to PE/VC: 8 per cent Actual allocation to PE/VC: 7.1 per cent PE/VC strategy: Roughly a third of the pension’s private assets are in private equity (32 per cent), while the balance is made up by real estate (38.7 per cent) and private real assets (29.3 per cent). […]