Firms & Funds

By now, the rhetoric concerning China’s recent development should be all too familiar. Not surprisingly, the economic miracle in China holds a magnetic attraction for international investors.
2000 Riverside Capital Appreciation Fund, the 2000 vintage buyout fund from The Riverside Company, rang up an IRR of 20.6 percent, exceeding the 20.5 percent top quartile threshold, based on a survey of public pension fund data by Buyouts. Béla Szigethy, co-CEO of  Riverside, said the fund helped the firm continue its growth and expand beyond its launch in New York and Cleveland.
DC Capital Partners is talking to limited partners about raising $350 million for a mid-market buyout fund in a re-launch of the firm’s inaugural pool that dates back to the early days of the firm in 2007, according to a source.
Advent International is set this month to launch its sixth Latin American investment vehicle with a $2 billion target, sources said.
The California Public Employees’ Retirement System is mulling a staff recommendation to pare back its private equity allocation target slightly below its actual holding of about 10.8 percent and to give it the flexibility to set annual revisions to the target.
Veritas Capital Management LLC is talking to limited partners about launching Veritas Capital Fund V, on the heels of fresh deal-making from Fund IV and following the 2012 death of Robert McKeon, founder and former chairman, according to a person familiar with the firm.
Pension may adjust policy target in line with actual allocation CalPERS has 12 percent allocation to asset class Staff recommends interim target of 10 percent, and more flexibility The California Public Employees’ Retirement System is mulling a staff recommendation to pare back its private equity allocation target slightly below its actual holding of about 10.8 […]
Kenneth J. Kencel has resigned as president of Carlyle GMS Finance, a mid-market lending business of The Carlyle Group that recently passed the $1 billion mark raised on its debut fundraise but that has also seen several recent executive departures.
Managers at major institutional investment firms said they are continuing to see opportunities to wade into private equity investments in emerging markets, with positive mentions of Africa and parts of Asia.
Antoine Drean, founder of Paris-based placement agent Triago, agrees that the fundraising process doesn’t differ much from dating. What’s been missing is a Match.com for LPs and GPs to get together, so in 2012, he launched the Palico platform, as reported by Buyouts.
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