Sam Sutton

JMI closed Fund VIII on $1 bln Firm specializes in backing software companies JMI has offices in Baltimore and San Diego JMI Equity is targeting $1.1 billion for its latest flagship fund, according to SEC filings. At $1.1 billion, JMI Equity Fund IX will be only slightly larger than its predecessor, which closed on $1 […]

Distressed-debt investments likely limited, absent broader volatility Apollo Hybrid Value Fund targets $3 bln New fund targeting returns in 12 pct to 15 pct range Apollo Global Management’s hybrid investment fund will likely dedicate around 80 percent of its capital to structured equity and senior or subordinated credit, documents from Teachers’ Retirement System of Louisiana show. Apollo […]

Fund VIII targets $12 bln, per Oregon docs $2.5 bln healthcare fund to invest on a 50-50 basis alongside Fund VIII Fund VII netting a 24.15 pct IRR TPG picked up major commitments for its new flagship fund and a healthcare sidecar fund. Oregon Investment Council approved a commitment of up to $500 million to […]

Arkansas Teacher Retirement System backs WNG Capital fund for $30 mln Firm specializes in acquiring aircraft WNG’s debut fund netting 14 pct Arkansas Teacher Retirement System is making a foray into the aircraft-leasing business. The $14.6 billion retirement system committed $30 million through its private equity program to a new fund being raised by WNG […]

Siris sets $3.5 bln hard cap Fund was scheduled to close in March, per LP memo New York also backs new venture, Asia-focused funds New York State Common Retirement Fund committed $200 million to Siris Capital’s latest flagship fund in April, a recent investment disclosure shows. Siris Partners IV will be capped at $3.5 billion, […]

Volcker Rule changes to loosen rules around trading Regulators seek input on definition of what funds should be covered Few, if any, changes expected in Volcker Rule’s treatment of PE investments Federal regulators are pursuing a plan to loosen some of the Volcker Rule’s constraints on proprietary trading, though they leave the treatment of private equity largely […]

Permira recently exited Magento for $1.68 bln Firm focusing on tech platforms looking to expand Permira closed previous fund on 7.25 bln euros in 2016 Permira recently sold enterprise cloud software company Magento to Adobe for around $1.68 billion. That was a complicated deal. How did Permira take that company from start to finish? It […]

Form PFs include information about investment strategy, portfolio companies SEC uses forms to collect data, identify enforcement priorities Firms fined $75,000, didn’t admit or deny allegations The SEC censured 13 private investment firms for failing to file timely disclosures about their investment funds, strategies and portfolio companies. Each firm agreed to pay a $75,000 penalty without […]

Assets under management: $24 bln Private markets allocation: 16.9% What’s New: SFERS allocates $75 mln to new funds from BGH Capital, SoftBank San Francisco Employees’ Retirement System closed two new private equity and venture capital commitments in May, allocating $75 million across new funds from BGH Capital and SoftBank. The commitments were disclosed in an investment report presented at the system’s May […]

BGH recently held final close on $2 bln Commitment to SB China VC fund closed in May San Francisco PE program valued at roughly $4 bln San Francisco Employees’ Retirement System closed two new private equity and venture capital commitments in May, allocating $75 million across new funds from BGH Capital and SoftBank. The commitments […]