Toby Mitchenall & Jonathan Brasse
At least three clients of Aldus Equity Partners are expressing concerns about the Dallas-based advisory firm’s connection to the alleged kickback scheme stemming from the emerging manager program it runs for the $120 billion New York State Common Retirement Fund. Mainly the questions center around why the firm hired a “finder,” even though it already […]
3i Group said that the value of its largest investments dropped 21 percent for the quarter ending Dec. 31, 2008. It also announced that Philip Yea is stepping down as CEO, to be succeeded by current infrastructure chief Michael Queen. Angelo Gordon & Co. is targeting $3 billion for its seventh distressed debt fund, according […]
Hires, promotions and other personnel changes at Centenela, Adveq, Braemar, MDV and more firms
The $155 billion New York State Common Retirement Fund, or NYSCRF, is looking to fill a newly-created position of director of private equity. The person hired will replace Nick Smirensky, who left the deputy CIO and head of private equity investing positions with the limited partner in October to create an investment program for the […]
The $81 billion Teacher Retirement System of Texas (TRS) recently unveiled two pledges totaling $400 million for a pair of captive accounts managed by Credit Suisse’s Customized Fund Investment Group. The latest commitments, however, represent a small part of the roughly $2.5 billion the pension fund intends to commit to private equity in 2009. The […]
It is a time of great turmoil in the world of private equity, and Bruno E. Raschle, CEO of fund-of-funds manager Adveq, is expecting new opportunities and new challenges as the industry undergoes significant change
Bay Hills Capital may have closed its debut fund of funds below the original target but the San Francisco-based shop is already in rally mode, scoring an additional $50 million mandate from the Kentucky Retirement Systems to boost the limited partner’s support of emerging managers. And if that wasn’t enough, Lance Mansbridge, managing director and […]
The $154 billion New York State Common Retirement Fund has concluded its long search for managers of its private equity emerging manager program. The state plans to allocate $350 million to Parish Capital Advisors, $250 million of which will be for co-investment opportunities and $100 million for fund investments. Bank of America’s Banc of America […]
A team led by three former executives from Dallas-based advisory firm Aldus Equity plan to start a new advisory firm focused on investing alongside emerging managers, a source familiar with their plans told Reuters News. The team, led by former Aldus Equity partner Marcellus Taylor, is hoping to attract investors who may see such managers, […]
The $26 billion Arizona State Retirement System, a newcomer to private equity, is searching for one or more separate-account managers to commit roughly $1 billion over three years. RFPs were issued in October, and responses were due in mid-December. “We have just started evaluating proposals. I don’t expect any awards earlier than March 31, if […]