The Texas County & District Retirement System has closed a $50 million commitment to Baring Private Equity Asia’s sixth flagship fund, according to the pension fund’s website.
Buyouts Senior Editor Sam Sutton recently asked five questions of FFL Partners Executive Investor Robert Eckert, the former CEO of Mattel, Inc. and Kraft Foods.
Advent International plans to hold a first close on its latest Latin America fund in October, according to San Francisco Employees’ Retirement System documents obtained by Buyouts. San Francisco Employees’ committed up to $40 million to the fund at its Oct. 8 meeting, Commission Secretary Norm Nickens told Buyouts in an email.
Veronis Suhler Stevenson has sold its stake in insurance marketing services company Tranzact to a White Mountains Insurance Group affiliate. The deal values Tranzact at roughly $280 million.
Buyouts recently caught up with Ross Posner, who joined money manager Ridgewood Private Equity Partners earlier this year to build an energy and related infrastructure investment team. Posner spent the previous eight years at Allstate Investments, where most recently he built and ran the six-person global infrastructure and real asset private equity group. Dow Jones has reported that his new firm plans to raise a debut fund.
Sharing wisdom gleaned as a senior executive at HGGC after his years as a Super Bowl-winning quarterback for the San Francisco 49ers, Steve Young told private equity pros to huddle, embrace change and find out how good you could be.
The U.S. Securities and Exchange Commission may consider significant changes to the definition of “accredited investor” pending a recommendation of an Investor Advisory Committee. The proposals could lead to the expansion or contraction in the number of people who qualify to participate in private offerings such as private equity funds.
The Wyoming State Loan and Investment Board, which is at its 4 percent target allocation to private equity, is unlikely to commit $200 million that it had originally earmarked for the asset class, Chief Investment Officer Michael Walden-Newman told Buyouts.
The Nebraska Investment Council named Deputy State Investment Officer Joseph Jurich to the role of acting state investment officer, the equivalent of CIO, at its Sept. 25 meeting. Jurich takes over for State Investment Officer Jeffrey States, who is scheduled to retire on Oct 3.
The New Mexico Educational Retirement Board plans to increase the pace of its annual commitments to private equity funds to $300 million from $175 million, Steve Neel, the board’s deputy chief investment officer, told Buyouts.
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