News and Analysis

New York firm invested in Georgia bank in 2011 Corsair anchored $380 mln recapitalization of bank Firm completed exit in $144 mln stock sale on May 2   Corsair Capital generated a 2.1x return in five years on its investment in United Community Banks Inc after taking a stake in what is now the third […]

Pathway to commit account to new funds over four years $24.9 bln pension holds 6.3 pct of assets in PE Commitment should bring Mississippi to 8 pct target by 2020 Public Employees’ Retirement System of Mississippi’s board voted to commit $950 million to a private equity separate account managed by Pathway Capital Management in April, according to […]

Firm raises 700 mln Euros for Danske PEP VI Fund VI gets first North American LPs Exec sees two-year deployment instead of three   Danske Private Equity expects to deploy its recently closed PEP VI fund-of-funds in two years instead of three in the face of ample investment opportunities, an executive at the firm said. […]

Pathway to commit account to new funds over four years $24.9 bln pension holds 6.3 pct of assets in PE Commitment should bring Mississippi to 8 pct target by 2020 Public Employees’ Retirement System of Mississippi’s board voted to commit $950 million to a private equity separate account managed by Pathway Capital Management in April, […]

Commitments include large re-ups with Advent, Ares $290 bln pension commits $50 mln to Cerberus co-investment California Public Employees’ Retirement System committed almost $1 billion to private equity in March, including $500 million allocated to Advent International’s new flagship fund. In addition to Advent, Calpers committed $425 million to Ares Management’s new PE vehicle and $50 million to […]

Novacap Fund IV closes 11 pct above target New and repeat LPs joined the fund Fundraising helped by successful exits Novacap, one of Canada’s oldest private equity firms, surpassed its target for the final close of Novacap Industries IV, raising the largest partnership in its history. Montréal-based Novacap said Fund IV secured $470 million (US$363 million) […]

Commitments include large re-ups with Advent, Ares $290 bln pension commits $50 mln to Cerberus co-investment California Public Employees’ Retirement System committed almost $1 billion to private equity in March, including $500 million allocated to Advent International’s new flagship fund. In addition to Advent, Calpers committed $425 million to Ares Management’s new PE vehicle and […]

Vinci could target up to $800 mln for Fund III Fund II nearly fully deployed Execs to invest own money in deals before launching fund Vinci Partners could come back to market in the second half with a potential $800 million target for its third fund, according to a person with knowledge of the firm. […]

New account with Hancock to invest in farmland TRSL had 1.1 pct of assets in commodities as of March 31 Pension also backs GSO flagship fund for $125 mln Teachers’ Retirement System of Louisiana agreed to move forward with a $75 million separate account for investments in farmland, Deputy Chief Investment Officer Maurice Coleman said in an email. […]

Sells German auto parts maker for about $563 mln, including debt Japan’s Musashi Seimitsu buys Hay Group Gores Group purchased portfolio company in 2012 Gores Group stands to make a return of about 3x in four years on the pending exit of Hay Group to Musashi Seimitsu Industry Co, a deal that values the German auto […]