Teddy Grant

Rhode Island State Investment Commission spent $40 million to buy stakes in older Industry Ventures and Paine Schwartz Partners funds, according to the system’s director of communications, Evan England. The system offered $10 million for the unknown seller’s interest in Industry Ventures Partnership Holdings Fund IV. The pool, which closed in 2016, focuses on primary […]

HC Private Investments (HCPI) and family office Landon Capital Partners teamed up to make it easier for emerging managers to fund their deals with their platform Evolution Managers Capital. Evolution will provide up to $50 million to private equity managers who target the lower-middle market to help them close their respective deals, said Chris Sullivan, […]

Ohio Police & Fire Pension Fund backed a fund from Cortec Group at its Sept. 25 meeting, Communications Coordinator Eric Eramo said in an email. The system committed up to $20 million to Cortec Group Fund VII, which focuses on control investments in the lower middle market in North America. Target information was not available. […]

New Jersey State Investment Council proposed more than $391 million in private equity commitments to funds from Ardian and KPS Capital Partners, according to a document from its September board meeting. The system wants to invest 125 million euros ($136.6 million) to Ardian Buyout Fund VII, targeting $6.5 billion, meeting documents show. At least 90 […]

New Mexico State Investment Council backed funds from KPS Capital Partners and Phoenix Venture Partners at its September meeting, according to the system’s director of communications and legislative affairs, Charles Wollmann. The Council committed up to $100 million to KPS Special Situations V, targeting $5 billion on a $6 billion cap, Wollman said. The pool focuses […]

Firemen’s Annuity & Benefit Fund of Chicago is looking for an investment adviser to manage its private equity fund-of-funds mandate, according to an RFP posted on the system’s website. The mandate calls for up to $30 million in commitments to be made in over three years but “final commitment amounts” are subject to change if […]

Emerson Capital Partner’s founder and managing principal, Kasra Hedayatnia, has adopted a long-term investment strategy as his company aims to complete its first deal. “We’re trying to find an opportunity where we can put the most amount of resources that we have to use. It’s not just about finding a deal or buying a company,” […]

Texas County & District Retirement System reported $350 million in private equity commitments from July to September, according to its website. In July, the system invested $75 million to Zelnick Media Capital’s third fund, which focuses on TMT in North America. The pool has a $750 million target, according to Private Equity International. The system […]

Compass Group Equity Partners invests in many sectors but sees a lot of growth potential in the alternative energy industry, particularly in solar, according to Founder and Vice President Russell Williams. “We believe that solar is here to stay,” Williams told Active LPs. “Over the last 10-15 years, there has been substantial tax credits that […]

Teachers’ Retirement System of Louisiana backed a fund from KPS Capital Partners at its September meeting, Executive Liaison Officer Lisa Honoré told Active LPs. The system committed up to $100 million to KPS Special Situations Fund V. The fund focuses on control buyouts of distressed companies in North America, Europe and Asia-Pacific, according to research from Private Equity […]