Arizona PSPRS reserves co-invest allocations Preapproved by board; enables staff to move quickly Helps manage risk and manage fee load The battle is on for co-investment opportunities and limited partners are finding innovative ways to gain an edge. Arizona Public Safety Personnel Retirement System’s strategy centers on reserving co-investment allocations when making fund commitments, according […]
PRIVATE EQUITY FIRMS Jonathan Laifer joined BelHealth Investment Partners as an associate. Laifer was previously an investment banking associate in the healthcare group at Goldman Sachs focusing on M&A, leveraged finance and equity transactions. Cerberus Capital Management: Matt Zames joined as president, while Frank Bruno was promoted to co-CEO. Lee Millstein was appointed president of the international business. Zames most recently served as COO of JP Morgan […]
Heads bizdev, client services for alternative managers Firm offers outsourced middle-, back-office functions Dashboard gives LPs detailed look at returns, expenses The biggest problem SEI tries to solve for its alternatives clients is complexity, says Jim Cass, senior vice president and managing director of the company’s investment manager services division. Cass joined the Oaks, Pennsylvania, provider of wealth-management and business process […]
KKR closed its tech growth fund in 2016 on $714 mln Team based out of Menlo Park and Europe Fund I about 70 pct committed Dave Welsh is head of TMT Growth Investing at KKR. The firm raised its debut tech-growth fund, KKR Next Generation Technology Growth Fund, in 2016 with $714 million for TMT growth equity investments […]
89 pct of respondents did not ask managers about sexual harassment issues Survey included answers from 78 institutional investors Relates to investors in PE, VC, real estate and hedge funds It’s a common refrain when asking about sexual harassment in private equity that change needs to come from limited partners. The people controlling the money […]
Allocation to PE was 15.5 pct in 2017 Core managers, niche strategies get higher commitments New roles include private-markets professional Carleton College’s endowment is building its investment team after hiring Kelsey Deshler as chief investment officer earlier this year. Expanding the team is one of her top priorities, Deshler said. The new roles include a private-markets professional and […]
Jean Joseph was at Goldman from 2006 to 2018 Scott Turco worked at Goldman since 2013 Firm has been raising debut BDC Owl Rock Capital Partners, launched by executives from GSO Capital and KKR, recently brought on two former Goldman Sachs executives, a spokeswoman for the firm confirmed for Buyouts. Jean Joseph, a former managing director […]
Private equity is 11.7 pct of the fund 5 new co-investments in the last 9 months Co-investments deliver net IRR of 64 pct per year Alaska Permanent Fund Corp’s $7.6 billion private equity portfolio returned 18.94 percent, the highest among all asset classes for the nine months ended March 31. The $64.59 billion fund continues to […]
Greg VandenBosch left last year Alexander Fraser moves to senior adviser role Firm promoted two to managing director Alexander Fraser, a senior executive with GI Partners since 2002, has moved into a senior advisory role as he transitions out of the firm, sources said. It’s not clear exactly when Fraser will leave. He declined to […]
Coroneos joined Z Capital in March 2017 Left as of January, according to LinkedIn profile Firm in market with third PE fund Peter Coroneos, who joined Z Capital Group last year to run corporate development and investor relations, has left the firm, sources said. Coroneos is not listed on Z Capital’s website. His LinkedIn profile […]