Toby Mitchenall & Jonathan Brasse
A cleantech-focused VC fund can still draw them in
The Teachers’ Retirement System of the State of Illinois in late May upped its target allocation to private equity to 10 percent from 8 percent. In addition, the limited partner made three private equity pledges totaling $175 million and is trying to fill two staff positions and hire a consultant. The LP made other adjustments […]
Many economists are looking to small businesses to lead the economy out of a recession. Can small shops do the same for the buyout market’s current funk? No universal definition exists of what are variously called small-cap or lower-mid-market buyout funds. Some define them as funds of less than $500 million. Others define them as […]
Is Chrysler The Worst PE Deal Ever?
In a development that represents the first official implication of wrongdoing by private equity professionals stemming from the latest pay-to-play scandal to rock the industry, Dallas-based private equity advisory firm Aldus Equity Partners and its founder Saul Meyer are facing charges in connection with the alleged kickback scheme involving the $120 billion New York State […]
For a few FoFs, while pledges were still forthcoming, slower paces make more sense
The New Mexico Educational Retirement Board (NM ERB) and the New Mexico State Investment Council (NM SIC) have both temporarily suspended operations with consultant Aldus Equity, citing concerns about the Dallas-based advisory firm’s connection to an alleged kickback scheme involving the emerging manager program it runs for the $120 billion New York State Common Retirement […]
Fundraising is tough all over, but you may find it a mite easier if willing to travel abroad. As a general rule of thumb, institutional investors outside the United States have newer private equity programs. That’s good news for fundraisers since it’s less likely that they’ve been hit with the dreaded denominator effect, in which […]
Investors of Aldus have concerns, questions after alleged kickbacks
With so many pension plan sponsors and endowments on the sidelines at the moment, either waiting for year-end portfolio valuation numbers or to see how the economy fares in the months ahead, funds of funds could be one of the few games in town for shops looking to raise a buyout fund in 2009. To […]