Sam Sutton

TSSP Opportunities Partners IV targets $3 bln Final close slated for June Fund III netting 11.2 pct IRR as of Dec. 31 TPG’s credit arm is expected to hold a first and final close for its latest opportunistic credit fund in June, documents from Pennsylvania Public School Employees’ Retirement System show. TSSP Opportunities Partners IV is targeting […]

Trilantic targeting $2.2 bln with $2.75 bln cap Pennsylvania PSERS commits up to $150 mln to fund Fund V netting a 16.3 pct IRR Trilantic Capital Partners is preparing to hold a final close for its latest North American private equity fund, documents from Pennsylvania Public School Employees’ Retirement System said. Trilantic Capital Partners VI (North America), targeting […]

Firm grossed 90 pct IRR on realized food, agribusiness deals New fund gets $50 mln from Rhode Island Led by Chairman Dexter Paine, CEO Kevin Schwartz Paine Schwartz Partners is targeting $1.2 billion for its fifth fund, which will invest in food and agribusiness companies, a fund presentation delivered to Rhode Island State Investment Commission shows. Paine […]

NC didn’t commit to a single PE fund in 2017 Treasurer campaigned against high-cost investments New Landmark commitments include separate account North Carolina’s Department of the State Treasurer inked its first private equity commitment under Dale Folwell, whose 2016 election campaign attacked the steep investment fees the state’s pension funds pay to alternative-asset managers. At […]

NC didn’t commit to a single PE fund in 2017 Treasurer campaigned against high-cost investments New Landmark commitments include separate account North Carolina’s Department of the State Treasurer inked its first private equity commitment under Dale Folwell, whose 2016 election campaign attacked the steep investment fees the state’s pension funds pay to alternative-asset managers. At […]

Byrne not among Gov. Murphy’s appointees to SIC Byrne, Murphy disagreed on pension’s PE investments New Jersey commits $300 mln to new Vista PE fund Tom Byrne used his final meeting as chairman of the New Jersey State Investment Council to defend the state pension fund’s investments in high-cost, high-returning private equity funds targeted by Gov. Phil Murphy […]

Byrne not among Gov. Murphy’s appointees to SIC Byrne, Murphy disagreed on pension’s PE investments New Jersey commits $300 mln to new Vista PE fund Tom Byrne used his final meeting as chairman of the New Jersey State Investment Council to defend the state pension fund’s investments in high-cost, high-returning private equity funds targeted by Gov. Phil Murphy […]

Assets Under Management: $65.4 billion Actual Allocation to PE : $7.8 billion PE/VC Strategy: commitments to PE firms and direct and co-investment What’s new: the co-investment and direct investing strategy is netting impressive returns for Alaska Permanent Fund Alaska Permanent Fund Corp’s four-year-old program for investing directly in private companies is netting returns of more than 60 […]

Alaska launched co-investment program in 2014 Investment in Juno Therapeutics returned more than $1.2 bln, 10x invested capital Permanent Fund to invest or commit around $1.6 bln to PE in FY 2019 Alaska Permanent Fund Corp’s four-year-old program for investing directly in private companies is netting returns of more than 60 percent. This return surpasses the […]

Firm invested roughly $200 mln of equity in 2015 Adobe acquired Magento for $1.68 bln Hillhouse Capital to exit its stake as well Permira is poised to make more than 5x its money on the $1.68 billion sale of Magento Commerce to Adobe, a source with knowledge of the deal said. Hillhouse Capital, which invested […]