News and Analysis

Even though much of the federal government was shut down due to partisan divides in Congress, two dozen executives of business development companies sent the Securities and Exchange Commission a letter Tuesday urging the agency to “modernize” the regulation of the industry.

Hancock Capital Management LLC sees good opportunities for its mezzanine investing strategy, even though the firm faces strong competition from senior debt in today’s low interest rate market.

Blackstone’s private equity secondaries team has launched its sixth fund targeting $3.5 billion to $4 billion, according to two sources and a marketing document seen by sister publication peHUB.

A former Sun Capital Partners and H.I.G. Partners executive has launched a new special situation-focused fund with the ability to pursue various investment structures, sister publication peHUB reported.

The California Public Employees’ Retirement System plans to channel $6 billion into private equity investments in fiscal 2013-2014 in a move that increases its allocation to the asset class by $1 billion over last year, an official with the $258 billion pension program said.

Pension system increases PE allocation by 20 percent CalPERS channeled $5B to private equity last year CalPERS earmarks 10 percent for direct investments The California Public Employees’ Retirement System plans to channel $6 billion into private equity investments in fiscal 2013-2014 in a move that increases its allocation to the asset class by $1 billion […]

The shutdown of the federal government has already begun affecting the private equity industry, as some deals were temporarily disrupted because of confusion about financing that involved the U.S. Small Business Administration.

Christopher Pace, who has spent a good part of his career managing funds of funds and co-investments, has agreed to join growth equity investor Vintage Fund Management as a principal with roles in investor relations, fundraising and portfolio management.

It’s the 2008 vintages that are working the hardest in terms of year-on-year internal rate of return (IRR) increases for the $170 billion California State Teachers’ Retirement System, according to a comparison of performance data for the periods to March 2012 and March 2013, with vintages ranging from 1989 to 2008. The top four increases […]