Direct secondaries specialist Vision Capital has expanded its team with the appointments of four executives who will focus on operating capability, debt, finance and legal functions. Johan Ven de Steen will become the firm’s first operating partner. He joins from KKR-Capstone and will be responsible for the performance of portfolio companies and assessing new investments. […]
Assets Under Management: C$39 billion (US$35.3 billion). Private Equity Portfolio: C$1.4 billion. Leader: Leo de Bever, CEO, Alberta Investment Management Corp., Edmonton, Canada; previously CIO of Victorian Funds Management Corp., an Australian pension fund. His career includes stints at Manulife Financial and Ontario Teachers’ Pension Plan. Select Clients: The Alberta Heritage Savings Trust Fund and […]
Capital Dynamics has adapted its due diligence strategy to changing market conditions
Wonder what manner of grilling you’ll receive from potential investors next time you approach them cup in hand? Look no further than Capital Dynamics, which has quickly adapted its due diligence strategy to changing market conditions.
Institution: Adveq Management AG Assets Under Management: $4 billion Head of U.S. Office: Lee Gardella, managing director and head of investor relations and development (North America) Size of Current U.S. Fund of Funds: $458 million At a time when raising a fund is a struggle for even the most established buyout shops, emerging managers may […]
Institution: Tennessee Consolidated Retirement System Assets Under Management: $26 billion Leader of Private Equity Program: Lamar Villere Size of Private Equity Portfolio: $800 million Target Allocation: 3 percent Private Equity Consultant: Strategic Investment Solutions The $26 billion Tennessee Consolidated Retirement System has adopted a cautious approach to private equity after starting its first program dedicated […]
Institution: Universities Superannuation Scheme Assets Under Management: $37 billion Leader: Michael Powell, head of alternatives Size of Private Equity Portfolio: $1.8 billion in funded commitments and $1.9 billion in outstanding commitments Medium-Term Target Allocation To Alternative Assets: 20 percent Its private equity program is less than three years old, but the $37 billion Universities Superannuation […]
Stausboll tapped as CEO; is Grady due to become CIO? The California Public Employees’ Retirement System last week named Anne Stausboll as its new chief executive officer, effective Jan. 12. Stausboll will become the first female CEO to lead CalPERS in its 77-year history. She will replace Ken Marzion, who had been serving as interim […]
Institution: New Mexico State Investment Council Assets Under Management: $16 billion Leader: Gary Bland, state investment officer Size of Private Equity Portfolio: $1.3 billion, with another $2 billion+ in outstanding commitments Private Equity Allocation: 9.6 percent Target Allocation: 8 percent ($1.3 billion), with a range of 6 percent to 12 percent Private Equity Consultant: Aldus […]
Keith Grinstein, 48, a general partner with Second Avenue Partners and strategic advisor to Madrona Venture Group
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