Providence Equity Partners booked a gross return multiple of 4.5x on its exit of the Yankees Entertainment and Sports Network in a deal with Rupert Murdoch’s 21st Century Fox for the cable TV sports property, according to a person familiar with the private equity firm.
The New Jersey Division of Investment isn’t a big venture capital investor. But several funds in the pension fund manager’s portfolio are performing well, and others will be worth watching over the next several years to see how they do. Separately, the portfolio can say it had its share of controversy in the aftermath of […]
The top-ranked Massachusetts Pension Reserves Investment Management’s private equity portfolio gained 21.1 percent in 2013, out pacing gains from the two previous years and boosting the overall performance of the pension fund, according to fresh data from the public retirement system.
The California State Teachers’ Retirement System is shifting gears.
Pension System: California State Teachers’ Retirement System Assets Managed: $181.1 billion (Dec. 2013) Private Equity Assets Managed: $21.8 billion PE Allocation Target: 13% Current PE Allocation: 12.1% Chief Executive Officer: Jack Ehnes Chief Investment Officer: Christopher Ailman Director of private equity: Margot Wirth, since 2010 Senior Portfolio Manager: Seth Hall Investment officer focused on private equity: […]
Fraud charges by the U.S. Department of Justice against the company that conducted a background check on former National Security Administration contractor Edward Snowden mark a setback for Altegrity Inc, a portfolio company of Providence Equity Partners facing a fresh debt downgrade.
Macquarie Investment Management, the €196 billion ($268 billion) asset management arm of the Australian banking giant, has hired two firms to advise its private markets group on private equity fund investments in Europe and the U.S. – work that it had formerly done in-house, sister news service peHUB reported.
Endeavour Capital’s affiliate Endeavour SEAM has been fundraising for Endeavour Structured Equity and Mezzanine Fund II LP with newly-launched boutique investment bank Hycroft in the role of placement agent, according to three sources familiar with the firm.
The Oregon Investment Council, which oversees several state trust funds, including the Oregon Public Employees’ Retirement Fund, could commit up to $2.2 billion this year to private equity, according to a person with knowledge of the system, sister news service peHUB reported.
Public and private pension funds boosted their allocations to private equity by hundreds of billions of dollars between 2005 and 2012, but remain well behind the deployment levels of family offices/endowments and sovereign wealth funds, according to a first-time joint study of 1,208 U.S. and UK pension funds by the London Business School’s Coller Institute and Adveq.Â
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