Gregory Roth
The Minnesota State Board of Investment, which manages $57.5 billion for several state pension funds, has been ramping-up its private equity program during the last several months, pledging $625 million to four funds at its most recent meeting.
Pascal Villiger, one of the senior private equity portfolio managers at the $145 billion California State Teachers' Retirement System, has decided to move back to the private sector, joining Medley Partners, the investment group that manages the personal wealth of James Simons, the former math professor and reclusive multi-billionaire founder of Renaissance Technologies, the hedge fund firm.
Advent International, a Boston-based firm known for its global focus, is gearing up to start formally raising its seventh private equity fund, Advent International Global Private Equity VII LP, a behemoth targeting $9.4 billion that will be invested across a variety of geographies and industries, according to several press reports.
After a four-month search, the $83 billion State of Wisconsin Investment Board named Michael Williamson as its new executive director, Buyouts magazine reported today.
The Washington State Investment Board, which manages more than $80 billion in pension assets, made more than $1 billion in commitments to a trio of private equity funds, two of which just started their fundraising efforts.
Parthenon Capital Partners, a Boston and San Francisco-based mid-market firm, has closed its latest fund, Parthenon Investors IV LP, with $700 million in commitments, above its initial $600 million goal.
The State of Wisconsin Investment Board, which manages $83 billion in pension funds, made a slew of private equity commitments worth $291 million in the fourth quarter, according to documents made available after its Feb. 8 board meeting. Overall, Wisconsin oversees $13.6 billion in private equity commitments, including ...
The $145 billion retirement system is actively considering making large separate account commitments through its private equity program, according to Buyouts magazine.
A senior executive at Ares Management said the firm plans to announce a first close on its new $4 billion buyout and growth capital fund, Ares Corporate Opportunities Fund IV LP, during the first quarter of 2012. Ares is known for investing in such high profile firms as GNC Holdings, 99-Cent Only Stores and the Serta and Simmons Bedding Companies....
The New Mexico State Investment Council, manager of the state’s $14.4 billion sovereign wealth fund, released a new long-range strategy for its private equity portfolio that envisions committing around $400 million per year through 2016, according to a copy of the strategy released at the Council’s Jan. 24 meeting. The strategy was prepared by Council’s private equity consultant, LP Capital Advisors. New Mexico’s private equity program has $1.7 billion in private equity capital as of Nov. 30th, about 12 percent of the portfolio. That is slightly above state’s private equity target allocation of 10 percent. The state’s long-range strategy, the report says...