Feb. 4 will mark a special anniversary for Charlesbank Capital Partners, the Boston-based buyout firm with more than $2 billion in assets. It will mark the 10-year anniversary of the firm’s buyout of CSI Leasing, an information technology leasing company that Charlesbank Capital continues to hold. Charlesbank Capital paid an undisclosed amount for the St. […]
The California Public Employees’ Retirement System says it generated a 31 percent net IRR on its investment in GI Partners Fund I, a real estate and private equity firm that the pension fund seeded in 2001 and that is expected to be in the market shortly with a new fund. CalPERS committed $500 million to […]
The California Public Employees’ Retirement System says it generated a 31 percent net IRR on its investment in GI Partners Fund I, a real estate and private equity firm that the pension fund seeded in 2001 and that is expected to be in the market shortly with a new fund. CalPERS committed $500 million to […]
Australia’s Goodman Group and Canada Pension Plan Investment Board have more than doubled their equity investment in a Chinese joint venture to $500 million, targeting growth in China’s logistics market, sister news service Reuters reported. The two parties formed a 80-20 joint venture with an initial commitment of around $180 million in 2009 to own […]
The California Public Employees’ Retirement System didn’t want them. Secondary firms didn’t buy them. And so they’ve been banished to what the nation’s largest public pension fund calls its “Vista Portfolio”—a place where fund interests get managed “toward liquidation,” in the pension fund’s own phrase. You can find the Vista Portfolio on the CalPERS Alternative […]
Culligan International Co. is currently undertaking a “re-franchising” process that could put Clayton Dubilier & Rice in a better position to exit the provider of water filtration services. The firm bought the Rosemont, Ill.-based company back in 2004 for $610 million, with the New York-based buyout shop investing $170 million of equity, according to Buyouts […]
Nahla A. Azmy has been named managing director of investor relations at Energy Capital Partners LP, based in Short Hills, N.J. Azmy was previously at NRG Energy, which announced that Chad S. Plotkin would succeed him there as vice president of investor relations. David Blechman has joined H.I.G. Capital as a managing director in the […]
It must be international month in the Washington State Investment Board cafeteria. At its November board meeting, the $79 billion pension system made more than $550 million in commitments to two global private equity managers, including $300 million for London-based Apax Partners and its Apax Europe VIII LP, and $250 million for Actis’s latest emerging […]
Kelly M. Williams, managing director and global head of the Credit Suisse Customized Fund Investment Group, pulls no punches in describing the big challenge that prospective general partners have in winning a commitment from her team. Delivering a keynote address earlier this month at Buyouts Texas, a conference hosted by this magazine, Williams first expressed […]
Ted Forstmann, the billionaire private equity investor and philanthropist, died Nov. 21 of brain cancer. He was 71. He was viewed as a pioneer of the leveraged buyout and took over companies such as Dr Pepper and Gulfstream Aerospace through the private equity firm he co-founded, Forstmann Little & Co. He was also chairman and […]
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