The $7.6 billion
Newstone Capital, which provides mezzanine capital to private equity sponsors, is targeting $900 million for Newstone Capital Partners II LP to create a diversified portfolio of mezzanine investments targeting larger mid-market issuers and focusing on principal preservation. The limited partner chose to invest with Newstone Capital after reviewing several other mezzanine funds including
As of Sept. 30, 2009, Lousiana had hit its target allocation to private equity of 10 percent, at the center of its range of 7 percent to 13 percent.
The limited partner mostly commits to funds of funds managed by such firms as