Sam Sutton

Indiana U. study ties rising valuations to market timing Studies, SEC believe firms boost returns around fundraising “It’s a simple timing-of-fundraising story”: Indiana’s Hüther Limited partners and the SEC have long suspected that private equity firms goose portfolio-company valuations around the time they market new funds. A new study suggests the link between fundraising and […]

“We can grow quite a bit”: COO Gray Firm recently hired McRaith to new insurance platform Blackstone eyes investors in $1 mln to $5 mln range Blackstone Group is ramping up efforts to tap into multitrillion-dollar markets of smaller retail investors and insurers, President and Chief Operating Officer Jonathan Gray said during a first-quarter earnings call. […]

Brown censured for allowing friend to use board scanner for political docs Board President Mathur temporarily bars Brown from CalPERS office Brown: punishment politically motivated, tied to scrutiny of proposed PE restructuring The misuse of an office scanner by a retired school administrator triggered open warfare between California Public Employees’ Retirement System Board of Administration […]

Brown censured for allowing friend to use board scanner for political docs Board President Mathur temporarily bars Brown from CalPERS office Brown: punishment politically motivated, tied to scrutiny of proposed PE restructuring The misuse of an office scanner by a retired school administrator triggered open warfare between California Public Employees’ Retirement System Board of Administration […]

Bill expands jurisdiction of deals reviewed by CFIUS CFIUS rejected PE-backed semiconductor deal last year ILPA shares American Investment Council’s concerns Private equity’s lobbying arm is directing its attention toward a new bill that could complicate PE deals led by firms backed with foreign cash. The proposed bill would expand the scope of the Committee on […]

New commitments to debt funds by GSO, Vista $194.2 bln pension system backs EQT’s new mega fund Continues allocations to Israeli VC funds New York State Common Retirement Fund disclosed more than $1 billion of commitments to private equity and venture capital funds, including $400 million for new debt and credit-related strategies. The fund, overseen […]

New commitments to debt funds by GSO, Vista $194.2 bln pension system backs EQT’s new mega fund Continues allocations to Israeli VC funds New York State Common Retirement Fund disclosed more than $1 billion of commitments to private equity and venture capital funds, including $400 million for new debt and credit-related strategies. The fund, overseen […]

CalPERS hires Elisabeth Bourqui Succeeds Tollette as chief operating investment officer Will help direct changes in PE, asset allocation: Eliopoulos California Public Employees’ Retirement System hired the former head of ABB Group’s pension-management team to succeed Wylie Tollette as its chief operating investment officer. Elisabeth Bourqui will take over for Tollette on May 14. Her responsibilities will include the day-to-day management and […]

Vision Ridge raised $430 mln in 2016 Previous fund supported by Grantham Foundation, Capricorn Investment Firm founded by Reuben Munger in 2008 Vision Ridge Partners is marketing a $600 million private equity fund for sustainable investments, following up on a $430 million vehicle the firm closed in early 2016. Vision Ridge disclosed some details of […]

Plans to expand private-market co-invest team in ’18 New private-market, current-return co-invest staff sought Committed $115 mln to eight PE co-investments in ’17 State of Wisconsin Investment Board wants to bulk up its private-market co-investment staff, a strategy presentation in the board’s recent meeting materials shows. The presentation, delivered at the board’s April 10-11 meeting, says Wisconsin plans […]