Sam Sutton
Strategic mix complicates benchmarking Less than half of New Jersey accounts are top quartile for PE Breaking down accounts Private equity separate accounts often feature bespoke investment strategies and reduced fees, making them a popular option for limited partners like the California Public Employees’ Retirement System and New Jersey Division of Investment. LPs committed $127 billion to separate accounts between […]
1. ILPA is scheduled to release a new reporting template in January to ease the process of tracking fees and carry. What sort of feedback have you heard on preliminary versions? The industry feedback, on the whole, has been very positive. The degree of warmth has varied, obviously. There are some institutions that are passionate about this, […]
Secondary volume hit $42 bln in 2015: Evercore GP liquidity solutions become more prominent Banks may sell more PE stakes as 2017 Volcker deadline approaches Roughly nine out of 10 secondary market buyers expect deal volume to surpass $35 billion in 2016, according to a recent survey published by independent investment bank Evercore. About 60 percent […]
Louisiana Teachers’ commits up to $100 mln Firm has $1.95 bln circled Kelso increased GP commitment from $500 mln to $625 mln Kelso & Company plans to hold a final close at or around its $2.5 billion target for its ninth fund at the end of March, a market source said. To date, the firm has […]
Bridge Growth raises $311 mln through January Tech and financial services specialist targeting $500 mln Firm completes two deals in 2015 Bridge Growth Partners raised around $311 million for its debut fund, according to a pair of SEC filings. The New York-based firm set a $500 million target for its debut, said one limited partner […]
Year founded: 1974 Investment strategy: Buyouts Key executives: Anthony DiNovi, Scott Sperling Office location: Boston Fundraising status: Raising Thomas H. Lee Equity Fund VII Web address: www.thl.com Thomas H. Lee Partners raised more than $2 billion toward a $3 billion target for its seventh flagship fund through mid-December, sources said. The Boston-based firm plans to […]
Smith: “Make them overpay” Vista invests more in product development than Lockheed, Smith says Software specialist nets top-quartile returns Vista Equity Partners is sick of “tourist” generalist funds crowding into the enterprise software sector, and the firm is not afraid to price them out of the market. In a December 2 keynote talk at PartnerConnect […]
Chicago firm beats target with first fundraise in seven years Solid returns from Fund VIII fuels demand for Fund IX Founder says firm’s crisis-era funds “as close to ground zero as you can get” Charles Moore had trouble sleeping over the last few years. The Banc Funds Company founder’s voice strains when he describes his firm’s […]
Halfenger to focus on anti-money laundering, cybersecurity Halfenger: “I left a good team in place” Bain website lists Sean Doherty as new chief compliance officer Bain Capital’s Global Chief Compliance Officer Alan Halfenger left the firm to take a position with ACA Compliance Group, a financial services consulting firm. He joined ACA as a partner on […]
Christian Johnson, John Hwang promoted Firm counts nine professionals among partnership group Fund VI netting 24.4 pct IRR as of June 30, says NYC pension Freeman Spogli & Co promoted two of its principals to partner at the start of the year, according to the firm’s website. New Partners John Hwang and Christian Johnson started their […]