Excess demand for top-performing private equity managers has pushed the balance of power back in the direction of general partners, limited partners tell Buyouts.
With the drop in oil prices, some limited partners are questioning the wisdom of committing long-term capital to strategies that depend on the value of a volatile commodity.
Siris Capital expects to secure 85 percent of the commitments to its latest flagship fund in a December first close, with a final close planned for January, according to Los Angeles County Employees Retirement Association documents.
1Crestview Partners expects to hold a final close on its third flagship fund in January, according to South Carolina Retirement System Investment Commission documents.
New Jersey State Investment Council chairman Robert Grady stepped down from his role following the council’s Nov. 19 meeting. The former Carlyle Group executive chaired the council during a four year period that featured a surge in the value of its private equity portfolio.
The University of Michigan Board of Regents re-upped with Roark Capital Group, committing $40 million to its fourth flagship fund, according to Nov. 20 meeting materials.
Grady has led council since 2010 NJ generated 12 pct annualized return during tenure Tom Byrne to take over on interim basis in January New Jersey State Investment Council chairman Robert Grady stepped down from his role following the council’s Nov. 19 meeting. The former Carlyle Group executive chaired the council during a four year […]
The Montana Board of Investments netted $120 million in proceeds through the sale of stakes in eight private equity funds on the secondary market, according to documents released by the board in advance of its Nov. 18 meeting.
The State of Wisconsin Investment Board burnished the bona fides of its recently launched private equity co-investment program, investing $45 million across three deals during the third quarter, according to Nov. 12 meeting materials.
The Illinois State Board of Investment will review each of its investment managers to determine if they properly disclosed political donations to Governor-elect and former GTCR chief Bruce Rauner and other state officials, Executive Director William Atwood said.
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