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Commitments include large re-ups with Advent, Ares $290 bln pension commits $50 mln to Cerberus co-investment California Public Employees’ Retirement System committed almost $1 billion to private equity in March, including $500 million allocated to Advent International’s new flagship fund. In addition to Advent, Calpers committed $425 million to Ares Management’s new PE vehicle and […]

Firm manages 11 portfolio investments GP sees opportunity in health care data streams Firm has invested its own capital in deals   Skyway Capital Partners, a lower-middle-market buyout firm with 11 portfolio investments, ranks healthcare as a key focus of its hunt for companies posting Ebitda of $1 million to $7 million. Bryan Crino, president of […]

First Reserve close to settlement with SEC Issues include expenses at portfolio company Senior-adviser fees should have been offset against management fee First Reserve agreed to reimburse its investors $12.7 million and pay a $5 million fine to settle a Securities and Exchange Commission investigation  into various fee and expense practices, according to an LP with […]

Buyout loans more easily available after Q1 shutdown: Apollo’s Harris High-yield market more robust LBOs above $5 bln to be rare due to bridge-loan challenges Loan markets for buyouts have generally snapped back in the past couple of months, but LBOs of more than $5 billion will be rare because of challenges in the bridge-loan market, […]

CalPERS sent out ILPA reporting template in January Seeks portfolio company-level fee info GPs adjust to the template California Public Employees’ Retirement System has been asking its private equity managers for detailed portfolio-company-level fee information, according to three people with knowledge of the system. The system, like other large public pensions, in January started sending its […]

Ranks as largest-ever infrastructure fund Surpasses $8.3 bln predecessor Firm has at least one top quartile fund Global Infrastructure Partners quietly broke its own record for the largest infrastructure fund ever raised with $10.8 billion in commitments for its third pool, according to filings. The New York and London-based private equity firm headed up by […]

Firm: Francisco Partners Fund: Agility Fund Target: $500 mln Francisco Partners Management LP recently told its limited partners it’s launching a new fund, called Agility, with a $500 million target aimed at smaller tech deals, according to sources. The size range of deals on which the Agility fund will focus is unclear. A spokesman for […]

Regulator takes aim at end-of-fund-life issues, cybersecurity Apollo sets aside $45 mln related to accelerated monitoring fees Executives complain privately but work with regulators The U.S. Securities and Exchange Commission has reached at least $90 million in settlements with GPs since it started scrutinizing the industry in 2012. That amount is small compared to the trillions in […]

Recent ultra-exclusive secondary dinner held in London Attracts more than 50 secondary buyers Sentiment is one of subdued anticipation for more deals At a recent super-secret secondaries dinner held primarily for buyers in London, attendees were asked to fill out a survey and list a few of their “provocative” ideas for the future of secondaries. […]

Arkansas Teacher commits up to $30 mln, receives $10 mln allocation San Francisco, New York State Teachers also see commitments slashed Firm’s debut lower middle-market was oversubscribed Limited partners in Thoma Bravo’s debut lower middle market fund saw their preferred allocations slashed to varying degrees, with some investors receiving only a third of what they’d authorized […]