Guardian Life Insurance Company of America may sell up to 10 percent of its private equity portfolio on the secondary market, Buyouts has learned.
The Teachers’ Retirement System of Illinois unveiled a new asset allocation mix on Wednesday, June 25, that raises its long-term target allocation to private equity from 12 percent to 14 percent.
Limited partners that invest in first-time or other young private equity funds say that emerging managers present some risks, but they often outperform their more established peers in an effort to prove themselves.Â
UPS Group Trust plans to launch a private equity co-investment program, Buyouts has learned.
Madison Dearborn Partners plans to begin fundraising for its next fund later this year, probably in the second half, said Chairman John Canning.
1) Lee, your firm is working through a $3.64 billion Fund VI closed in mid-2012, buying businesses generating $50 million to $200 million in EBITDA in such fields as manufacturing, specialty chemicals, aerospace, energy, business services, healthcare, restaurants, consumer products and other markets. I’m sure you’d agree the buyout business is all about operational improvements today. […]
Manager of PE, hedge investments topped group in pay Several managers earned more than group’s CEO Private equity sector’s performance has slipped Andy Wiltshire, the head of alternatives at the Harvard Management Company, made about $7.8 million in total compensation in calendar year 2012, according to information provided by Harvard—the largest payout among the group […]
Huron Capital Partners won Buyouts’ 2013 Small Deal of the Year for its return in excess of 6x on Labstat International. Any other major milestones you’d like to share since then on the deal front?
David C. Turner, who seven years ago started a private equity portfolio for the Guardian Life Insurance Company of America and led its growth to more than $1 billion, is stepping down effective May 30. Turner will hand the reins to Managing Director Maurice Gordon. (See video interview of Maurice Gordon from June 2014Â here.)
Pension fund upped private equity target in 2013 Meketa joins incumbent consulting firm PCA Next allocation review to take place in 2015 Meketa Investment Group, the San Diego-based advisory firm founded in 1978, will advise the investment committee of the California State Teachers’ Retirement System on its allocations to private equity and other asset classes as […]
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