Windjammer Capital Investors, a credit-focused private equity firm, closed its latest flagship fund, Windjammer Senior Equity Fund IV LP, with $726 million in commitments, slightly above the fund’s original $700 million target.
The New York Police Pension Fund has been a hesitant investor in venture capital and this might be a good thing. Performance of the funds it holds has largely been unimpressive, according to a VCJ analysis of its latest portfolio report. Only about 15% of the money manager’s active private equity funds from 2004 to […]
SunTx Capital Partners is thinking about launching a third buyout fund later this year, but no target has yet been set, a person knowledgeable about the firm told Buyouts. The firm also has several portfolio companies in the market.
Affinity Equity Partners has held an interim close of $1.4 billion for its latest Asian buyout fund, Affinity Asia Pacific Fund IV LP. Â The fundraising has been helped along by several investments by U.S. pension funds, notably the Washington State Investment Board, which committed $300 million at its most recent board meeting.
Neuberger Berman closed on its second co-investment fund, Neuberger Berman Strategic Co-Investment Partners Fund II LP, raising $1.1 billion, substantially more than the original target of $750 million.
The Canadian Pension Plan Investment Board, already one of the secondary market’s biggest buyers, has earmarked another $10 billion for the sector over the next five years on the heels of two recent and innovative transactions.
Clearstone Venture Partners’ Clearstone Venture Partners I-B was the top performer in the California Public Employees’ Retirement System’s funds-of-funds California Emerging Ventures portfolio, posting an IRR of 154.7% and a multiple of 2.8x, according to the state pension fund’s most recent report, as of March 31, 2012. The Clearstone fund raised $105 million in total […]
Services for public stock distribution Ancillary offering to LP clients New clients in addition to services Fund adviser Hamilton Lane plans to expand its stock distribution services through its acquisition of Shott Capital Management, a San Francisco-based investment manager. “The addition of Shott Capital Management’s robust distribution management capabilities complements our portfolio monitoring and reporting […]
The corporate economy has become more vibrant over the past half century, with challengers knocking off incumbent industry leaders, said MIT professor R. David McLean. This increase in corporate turnover has tracked the rise of financial alternatives including private equity and venture capital. Turnover can mean different things in different contexts. McLean defined it this […]
Franklin Park, a private equity adviser spun out from Hamilton Lane in 2003, is offering its latest series of funds of funds to the firm’s advisory clients, according to a pair of filings with the U.S. Securities and Exchange Commission and one of those clients, the Arkansas Teachers’ Retirement System.
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