News and Analysis

Year to date, new managers have raised a combined $47.1 billion

The system also committed $75 to a Vistria Group fund

Buyouts is now accepting nominations for its 30th annual Deal of the Year awards. Hurry! The deadline for submissions is Feb. 21, 2020.

OMERS Private Equity has recruited Jeff French as a director in its office in Singapore, Buyouts has learned. French joins from Blackstone Group, where he worked for more than six years as a PE investment professional. French operated from Blackstone’s Singapore office with a focus on deal activity in the Asia-Pacific region.

Coller Capital spoke to 113 private equity investors for their twice-yearly report on trends in the industry.

At a recent Congressional hearing meant to excoriate private equity, numerous members of Congress voiced support for the industry and touted the jobs such investment brought to their districts.

Persistence Capital Partners Fund III, which is targeting C$225 million ($170 million), is expected to wrap up in the first half of 2020, a source said. Initial fund commitments came from a range of limited partners, including both new and returning Canadian institutions.

OMERS hired James Aw to serve in the newly created position of chief medical officer, a person with knowledge of the matter told Buyouts. He will work with in-house teams to support OMERS’ human resources, members services and investment objectives, the source said.

Managing Directors Ray Tsao and Haakon Gresvig will assume control of the firm in the deal.

The State Investment Council will seek flexibility to boost in-state PE exposure.