The San Francisco Employees’ Retirement System approved a $50 million commitment to The Blackstone Group’s latest energy fund and up to $25 million for HealthCare Royalty Partners III at its Sept. 10 meeting, Norm Nickens, the commission secretary, told Buyouts in an email.
The California Public Employees’ Retirement System committed $750 million to credit-related private equity funds in July, according to documents released in advance of its Sept. 15 investment committee meeting.
The Cathay Funds has raised $193.7 million toward a revised target of $250 million for its third flagship fund, Managing Director Ling Liu told Buyouts.
The New Mexico State Investment Council has so far declined to answer the latest capital call of Israeli private equity firm Markstone Capital, at least until finding out how the firm plans to use the money, spokesman Charles Wollman told Buyouts. The state also has concerns with the sponsor’s finances.
Boathouse Capital has held a $180 million first close on its second fund’s $225 million target, according to the firm.
Highland Capital Management has launched a business development company to make debt and equity investments in mid-sized, sponsor-backed healthcare companies.
Five Questions With Juan Delgado-Moreira, Managing Director and Head of International, Hamilton Lane
1 We’ve seen some sell-offs in public equities this summer. How has that affected deal-making internationally? This year has been very strong. On the entry side, in Asia, the valuations are still pretty reasonable even with the recent recovery. On the exit side, the markets have been very active and we’ve seen alot of selling […]
The Montana Board of Investments is slowly decreasing its allocation to venture capital by letting it naturally wind down, according to the recently released minutes from its May meeting
In what is said to be its largest and most profitable deal, KPS Capital Partners has agreed to sell Waupaca Foundry to Hitachi Metals for $1.3 billion in cash, according to a statement released on Aug. 19.
The California Public Employees’ Retirement System committed more than $1 billion to private equity funds in May and June, according to documents released by the retirement system in advance of its August 18 investment committee meeting.
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