The vintage 2006 Francisco Partners II buyout fund generated an IRR of 12.2 percent as of Dec. 31, 2012, according to performance data from California Public Employees’ Retirement System. The performance beats the 11.7 percent threshold for top-quartile funds and the median IRR of 7.5 percent for the vintage year, according to LP data compiled by Buyouts.
There is a unique fund in the market targeting investments in music copyright royalties, sister news service peHUB reported.
Capital Partners Inc, the Greenwich, Conn, firm launched in 1982, surpassed its fundraising target by $110 million with Capital Partners Private Equity Income Fund II LP, which drew $360 million in commitments for cash-yielding targets in the middle-market arena.
Providence Equity Partners booked a gross return multiple of 4.5x on its exit of the Yankees Entertainment and Sports Network in a deal with Rupert Murdoch’s 21st Century Fox for the cable TV sports property, according to a person familiar with the private equity firm.
The New Jersey Division of Investment isn’t a big venture capital investor. But several funds in the pension fund manager’s portfolio are performing well, and others will be worth watching over the next several years to see how they do. Separately, the portfolio can say it had its share of controversy in the aftermath of […]
The top-ranked Massachusetts Pension Reserves Investment Management’s private equity portfolio gained 21.1 percent in 2013, out pacing gains from the two previous years and boosting the overall performance of the pension fund, according to fresh data from the public retirement system.
The California State Teachers’ Retirement System is shifting gears.
Pension System: California State Teachers’ Retirement System Assets Managed: $181.1 billion (Dec. 2013) Private Equity Assets Managed: $21.8 billion PE Allocation Target: 13% Current PE Allocation: 12.1% Chief Executive Officer: Jack Ehnes Chief Investment Officer: Christopher Ailman Director of private equity: Margot Wirth, since 2010 Senior Portfolio Manager: Seth Hall Investment officer focused on private equity: […]
Fraud charges by the U.S. Department of Justice against the company that conducted a background check on former National Security Administration contractor Edward Snowden mark a setback for Altegrity Inc, a portfolio company of Providence Equity Partners facing a fresh debt downgrade.
Macquarie Investment Management, the €196 billion ($268 billion) asset management arm of the Australian banking giant, has hired two firms to advise its private markets group on private equity fund investments in Europe and the U.S. – work that it had formerly done in-house, sister news service peHUB reported.
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