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Robert Grady being considered for Department of Interior, Energy Grady was appointed to State Investment Council by Chris Christie Resume includes role in Pres. George H.W. Bush’s administration Robert Grady, a partner at Gryphon Investors and the former New Jersey State Investment Council chairman,  is being floated for a role on president-elect Donald Trump’s cabinet, according to […]

CalSTRS share of fees charged to portfolio companies, other expenses total $150 mln $193.2 bln pension’s GPs collected $516.4 mln of carry PE portfolio valued at $16.3 bln California State Teachers’ Retirement System pulled back the curtain on its private equity program, releasing new information about indirect fees and expenses charged by its managers. The […]

René Yang joined Vista in 2007 New fund expected to launch in first quarter To target as much as $500 mln Vista Equity Partners appointed Principal René Yang to run the firm’s new micro-cap strategy, which is expected to launch early next year, according to two people with knowledge of the firm. Yang will work on the […]

True Wind surpasses $500 mln for debut fund GP backs acquisition by The Switch, a video-service provider Deal didn’t involve traditional process, source said True Wind Capital inked its first investment since it was founded by two Kohlberg Kravis Roberts executives: a financing deal for live-content provider The Switch. Meanwhile, fundraising for its debut fund […]

Marlin sets $2 bln target, no cap, on Fund V Expected to raise quickly Targets $500 mln for next small-market fund Marlin Equity is targeting $2 billion for its fifth flagship fund, without a cap, and sources expect the firm to raise well above target, according to two people with knowledge of the firm. Whether […]

The 2016 election season will be one no one will soon forget. Even as the cycle winds to its ugly conclusion, accusations continue to be thrown by both sides, passions are high and no matter who wins, neither candidate appears to have a strong mandate from the American people. Buyouts staff writer Sam Sutton discovered […]

Patricof says carried interest should be taxed as ordinary income ‘in the interest of fairness’ Agrees with Qualified Small Business Stock exclusion Veteran investor Alan Patricof bucked the National Venture Capital Association at an event the group co-sponsored, opposing taxation of carried interest at the capital-gains rate. A conversation between Patricof, 81, and NVCA President […]

Apax growth tech fund could target up to $1 bln Firm still working out details Could launch in Q1 Apax Partners, which is close to wrapping up a multibillion buyout fund, is also launching its first growth-oriented middle-market fund with an executive who recently joined from the tech world, according to three people with knowledge of […]

Pomona Capital seeks similar amount to predecessor fund LPs pour money into secondary funds Pomona promoted two to partner earlier this year Pomona Capital is keeping its latest secondary pool at a comparable size as it hits the fundraising trail with a $1.75 billion target for Pomona Capital IX LP, a filing and a source said. […]

Caspersen set to be sentenced Nov. 4 Prosectors ask for range set in federal guidelines Caspersen asks for leniency based on gambling addiction Often, when I swap gossip with industry folks, the subject turns to Andrew Caspersen, one of the more famous (or infamous) people in private equity land these days. Soon his story will […]