News and Analysis

LP-related news briefs about Permira, TRS Texas and New Jersey

The New Jersey State Investment Council, which manages $67 billion for the state’s pension funds, will likely pledge $700 million to $1 billion to private equity over the next 12 to 15 months, said Head of Private Equity Christine Pastore at a recent conference. The state has not made a commitment since November 2008. New […]

The Brenninkmeijer family, one of the wealthiest in the Netherlands, is allocating more of its fortune to private equity. The family office, with billions in its coffers, has tapped Steven van de Wall, who started at Anthos Asset Management last month, to set up a private equity portfolio.Van de Wall was previously head of alternative […]

Dutch pension fund PGGM Investments, which manages more than €83 billion ($110 billion), is rumored to be considering setting up its own in-house private equity team, in addition to or instead of relying on global private equity fund manager AlpInvest. Neither party would confirm a change in strategy, but a spokesperson for AlpInvest stated a […]

Sir Ernest Shackleton offered only “small wages” to the men who joined him in his 1914 expedition to cross the frozen continent of Antartica. Now the private equity firm named after the famed explorer wants to do far better for the investors that sign on for its journey of acquisition. Financial terms of buyout partnerships […]

It’s gotten harder to hide in private equity. It’s especially so for firms that, like funds-of-funds manager Adams Street Partners, manage public pension money. The early 2000s saw journalists, unions and students launch a major push to pull back the curtains on private equity performance, part of a transparency movement that took hold in the […]

The California Public Employees’ Retirement System, the biggest U.S. public pension fund, hopes to win fee cuts from other private equity firms following a deal it struck with Apollo Management to slice up to $125 million off fees, its Chief Investment Officer said on April 26. Pension funds and other investors have been able to […]

HarbourVest Global Private Equity, a listed funds-of-funds vehicle managed by Boston-based HarbourVest Partners LLC, is targeting U.K.-based investors with a secondary offering on London’s Specialist Fund Market. The aim of the secondary offering, which involves the sale of shares from old shareholders to new ones, is to boost liquidity in the shares, diversify the shareholder […]

The U.K. Pension Protection Fund (PPF) plans to enter the private equity market through secondary purchases. The £4 billion ($6.1 billion) fund, which manages the defined benefit pension schemes of collapsed businesses, has recruited seven private-equity secondary managers to a panel advising it on potential investments. Goldman Sachs, Hamilton Lane, Lexington Partners, LGT Capital, Partners […]

Two London-based private equity fund-of-funds managers have joined forces to create Hermes GPE, a new funds-of-funds group. The new business is the result of a merger between Gartmore Private Equity, a division of Gartmore Investment Management, and Hermes Private Equity, a division of fund manager Hermes. The combined business will have around £4.1 billion ($6.3 […]