Toby Mitchenall & Jonathan Brasse
LP-related news briefs about Permira, TRS Texas and New Jersey
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 […]
You’d think that one of the least likely consequences of the global economic crisis would be an increase in allocations to emerging managers. Indeed, as institutional investors reconsider and diversify their allocations, conventional wisdom suggests that they would have reduced their exposure to lesser-known managers. In fact, many pension funds and other institutional investors are […]
News briefs about LPs in Ohio, California and Mexico
The California State Teachers’ Retirement System recently committed $100 million to the fourth iteration of the Banc of America Merrill Lynch Capital Access Fund, even though the returns of the three predecessor funds are all in negative territory. CalSTRS, as the pension fund is known, previously committed to the earlier three funds as well. The […]
LP briefs about Oklahoma and others
The $126 billion New York State Common Retirement Fund recently announced four pledges made in December totaling $160 million, three to emerging managers and one to a firm investing in China and India. Bunker Hill Capital received a $25 million pledge for Bunker Hill Capital II through the Pioneer Partnership Fund B, which is part […]
News briefs about NY State Common, IOWA, LACERS and New Mexico
Capital Dynamics
Briefs about PineBridge and LPs in New York, San Francisco