LPs

The Los Angeles County Employees Retirement Association committed up to $250 million to lower middle market private equity and venture capital funds at its Feb. 11 meeting, CIO David Kushner said in an email.

Among firms that raise $10 billion-plus-sized funds, Advent International probably gets the least amount of press and attention. Yet it has one of the most consistently strong track records out there–a fact surely not lost on the $235 billion Canada Pension Plan Investment Board. Out of 168 active funds backed by Canada’s largest pension, the […]

Connecticut Retirement Plans and Trust Funds may commit as much as $100 million to Blackstone Group’s flagship real estate fund, according to an email from spokesman David Barrett.

The Teachers’ Retirement System of Louisiana approved up to $75 million for a commitment to EnCap Energy Capital Fund X, Director of Private Markets Maurice Coleman said.

The California Public Employees’ Retirement System  committed $400 million to middle-market private equity in December, according to an investment report released in advance of its Feb. 17 meeting.

The State of Wisconsin Investment Board intends to bankroll five deals through its burgeoning co-investment program this year, according to its Feb. 11 meeting materials.

Placement firm Mercury Capital Advisors counts eight first-time funds, mostly spinouts, from its client list currently in the fundraising market, more than any year since the financial crisis.

1. What do you expect to change in 2015?  In early 2015 we’ve already seen pricing and leverage begin to move in favor of lenders, particularly (when it comes to) borrowers in the $20 million to $50 million EBITDA range. That’s still low within historic norms, but there just doesn’t seem to be much of […]

Newly elected House Republicans wasted no time passing a bill that directly affects private equity firms. Whether the bill becomes law is another matter. 

The New Jersey State Investment Council will move forward with more than $1 billion of new commitments to the Blackstone Group, including $750 million to separate accounts, according to spokesman Chris Santarelli.