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Apollo Global Management has about $44 billion in dry powder across its platform as of June 30, Co-President and Chief Investment Officer for Credit James Zelter told Buyouts. That includes $34 billion for private equity, $6 billion in credit and $4 billion in real assets, according to the firm’s second-quarter earnings report. The topic came […]
Scott Conners, president and managing director of FlowStone Partners, sees an issue in the private equity space. “High-net-worth investors, particularly the mass affluent, are just really underrepresented in alternatives and private equity specifically,” he told Buyouts. “How do you get access to capital that wants to be in private equity but doesn’t have a place […]
OpenGate Capital Partners is heading for a final close of its second fund at a hard cap of $550 million, a person with knowledge of the matter told Buyouts. OpenGate Capital Partners II is expected to wrap up fundraising in October, two sources said. It could exceed the hard cap with a commitment from the […]
Family offices worldwide faced diminishing returns in 2018, according to the Global Family Office Report for 2019, prepared by Campden Wealth Research in partnership with UBS. The average family office portfolio returned 5.4 percent between the first two quarters of 2018 and the first two quarters of 2019. The Asia-Pacific region had the best returns, […]
Council Capital has launched fundraising for its fourth lower mid-market healthcare fund, setting a target of $200 million, according to an SEC filing. If successful, Council Capital IV would be the largest fund to date for the Nashville-based private equity firm, exceeding by 33 percent the $150 million-plus secured by its predecessor in 2016. Council […]
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 Teacher Retirement System, Texas TRS, private equity, asset allocation
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 […]
Switzerland-based investment manager Unigestion held the first close for its second direct private equity fund in August, a source told Buyouts. Unigestion Direct II raised close to €300 million ($330.2 million) of a €600 million ($660.5 million) target, the source said. Further closings are coming for both new and existing clients, the source said. The […]
Cresset raised $280 million for its qualified opportunity zone (QOZ) fund towards a revised target of $400 million to $450 million, with a plan to close at the end of this year, Managing Director Nick Parrish told Buyouts. The Cresset-Diversified QOZ Fund was launched last year in partnership with Larry Levy‘s Diversified Real Estate Capital. […]
New York State Common Retirement Fund made $510 million in private equity commitments in July, according to a document posted on the New York State Comptroller’s website. The investments were: • $100 million to New York Business Development Commission, which underwrites loans to small businesses in New York state, which closed on July 12; • […]
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