Private Equity News

PRIVATE EQUITY

April 21st, 2023

Exclusive with Maurice Gordon, Head of Private Equity for Guardian Life

“This, historically turns out to be the best time in the world to invest in companies.”

PRIVATE EQUITY

November 9th, 2022

Florida SBA Finds Opportunity to Commit to PE Funds

Drop in alternative holdings allows SBA to back five funds, including one focused on digital assets.

PRIVATE EQUITY

November 9th, 2022

LACERS Poised to Invest Less in Private Equity in 2023

System will look to launch co-investment program and do more internationally.

PRIVATE EQUITY

November 8th, 2022

Private Equity Drags Down CalPERS' Results

Program’s private equity program reports a loss, leads to restatement of year-end numbers .

PRIVATE EQUITY

November 3rd, 2022

CalSTRS Sees Co-Investing Accounting for a Third of PE Deal Flow in Two to Three Years

Effort to do more such deals is driven by a desire to reduce costs by $300 million annually.

PRIVATE EQUITY

November 2nd, 2022

Investing in Private Equity in ’23 Could Prove Challenging to Over-Allocated Institutions

Expected shortfall in distributions and tough secondary market may lead to reduced commitments.

PRIVATE EQUITY

November 1st, 2022

Head of Equities Departing from Ontario Teachers’ Pension Plan

Karen Frank’s plans after two years in the role are not known.

PRIVATE EQUITY

November 1st, 2022

University of North Carolina and NC State Each Generate Positive Returns

Third school in Research Triangle, Duke University, posts a 1.5% loss.

PRIVATE EQUITY

October 28th, 2022

CalPERS’ Head of Private Equity Departs

Greg Ruiz joins Jasper Ridge Partners after helping ‘turn around’ CalPERS’ PE program.

PRIVATE EQUITY

October 26th, 2022

New Mexico State Investment Council Hits Annual Commitment Target for Private Equity

Sovereign wealth fund backs three sector funds and also commits to infrastructure and distressed lending funds.

PRIVATE EQUITY

October 25th, 2022

Alameda County Employees Retirement Association Poised to Expand Emerging Investment Manager Program

Currently comprising 5.4% of the portfolio, it can be expanded to 10% over the next 10 years.

PRIVATE EQUITY

October 25th, 2022

CDPQ Names New Head of Private Equity

Martin Longchamps is hired from PSP Investments, replaces Martin Laguerre.

PRIVATE EQUITY

October 24th, 2022

ADQ Backs Women-Led Middle Eastern PE Firm

Abu Dhabi sovereign wealth fund commits half the amount that Aliph Capital is seeking to raise.

PRIVATE EQUITY

October 21st, 2022

Renewable Fuel and Sustainable Energy Charge Up University of Michigan Endowment’s Return

U-M reports a gain of 2.2%, making it the third Big 10 school to post a positive number for fiscal year.

PRIVATE EQUITY

October 20th, 2022

Hong Kong-Based Private Equity Firm Bets on Australia’s Battery and Solar Industries

Gaw Capital Partners has invested in a company with a 1.9GW renewable energy pipeline.

PRIVATE EQUITY

October 19th, 2022

San Francisco Employees Retirement System Commits to Three Biotech Venture Funds

SFERS is enduring a tough 2022, thanks to steep declines in public markets and fixed income portfolios.

PRIVATE EQUITY

October 18th, 2022

Virginia Retirement System Terminates One Manager, Commits to Two Others

CIO Ronald Schmitz also expects private equity returns to be a bit stronger than hoped.

PRIVATE EQUITY

October 14th, 2022

Real Estate, Private Equity Propel Washington State Investment Board to Strong Fiscal Year

WSIB’s returns are currently second only to Oregon Public Employees Retirement Fund.

PRIVATE EQUITY

October 13th, 2022

Focus Turns to Princeton University’s Fiscal Year Results

Yale University is still the only Ivy League school to generate a positive return.

PRIVATE EQUITY

October 13th, 2022

AP1 and NGS Super Among Backers of New Climate Impact Fund

Lightrock exceeds target thanks to bringing in a global mix of institutional investors.

PRIVATE EQUITY

October 13th, 2022

Rosalind Hewsenian Reflects on Building Helmsley Trust Investment Office & Pending Retirement

Poised to step down as CIO at the end of 2023 after 12 years, Hewsenian discusses career, including serving as a consultant to CalPERS and being a special ed teacher.

PRIVATE EQUITY

October 13th, 2022

Moves over Past 10 Years Paying Off for School Employees Retirement System of Ohio

CIO Farouki Majeed sees benefits in switching away from hedge funds to private credit and infrastructure.

PRIVATE EQUITY

October 11th, 2022

Abu Dhabi Growth Fund, Mubadala Capital Back Biotech Company

Neumora Therapeutics is developing medicines to treat brain diseases.

PRIVATE EQUITY

October 7th, 2022

Teachers’ Retirement System of Louisiana Backs Five New Funds

System commits to three credit funds, a real estate fund and a private equity fund.

PRIVATE EQUITY

October 6th, 2022

Amazon Sets Out to Deliver As a Limited Partner

Online giant sets up program to invest in venture funds backing entrepreneurs from underrepresented backgrounds.

PRIVATE EQUITY

October 6th, 2022

Alaska Permanent Fund Corporation Hires New Head of Private Equity

Allen Waldrop fills a role that has been open since Steve Moseley’s departure.

PRIVATE EQUITY

October 6th, 2022

Teacher Retirement System of Texas Commits $800 Million to Funds

Bulk of capital deployed into two private equity funds and a real estate fund.

PRIVATE EQUITY

October 6th, 2022

Adams Street Partners Poised to Welcome New Global Head of Fund Investments

Brijesh Jeevarathnam is tapped to replace the retiring Kelly Meldrum.

PRIVATE EQUITY

October 5th, 2022

Texas County & District Retirement System’s Private Equity Investing Pace Has Slowed

TCDRS has committed a third of the capital it deployed in the sector in 2021.

PRIVATE EQUITY

October 3rd, 2022

Arizona State Retirement System Ups Private Credit Target

System approves new asset allocation target that increases credit and public equity while lowering real estate and interest-rate sensitive strategies.

PRIVATE EQUITY

September 29th, 2022

Former Texas Municipal Retirement System PE Director Launches Alternative Investment Advisory Firm

Christopher Schelling starts 512 Alternatives after recent stints with Venturi Private Wealth and Windmuehle Companies.

PRIVATE EQUITY

September 28th, 2022

Endowments and Foundations Appear Poised to Increase Investing in Private Credit, Real Estate & Infrastructure

Study by KKR finds CIOs are looking to increase exposure to illiquid investments but want ones providing more upfront yields.

PRIVATE EQUITY

September 28th, 2022

CPP Investments Downloads Capital into Fast-Growing Startup

Tray.io is focused on solving the problems companies face as they undergo rapid digital transformation.

PRIVATE EQUITY

September 26th, 2022

University of Michigan Re-Ups with Five of Its Venture Managers

School currently has approximately 30% of its endowment invested in VC.

PRIVATE EQUITY

September 22nd, 2022

Pennsylvania SERS Commits to Three Funds

System backs Two Ardian Funds and an Oak Street real estate fund.

PRIVATE EQUITY

September 22nd, 2022

TRSL Commits to Real Estate, Distress Debt and Private Equity Funds

The $24.3 billion Louisiana system commits $425 million.

PRIVATE EQUITY

September 20th, 2022

Former Montana Board of Investments’ PE Director Lands at Penn State

Michael Nguyen will serve as director of investments at the $4.5 billion endowment.

PRIVATE EQUITY

September 20th, 2022

State of Wisconsin Investment Board Free to Invest in PE & Hedge Funds Without Consultant Approval

But SWIB’s private markets CIO said division will continue to work with consultants.

PRIVATE EQUITY

September 20th, 2022

British Columbia Investment Management Moves into Home Franchisor

Institutional investor sees value in company providing an array of home services.

PRIVATE EQUITY

September 19th, 2022

CalPERS Could Become a Big Secondary Buyer

System in rare position to not only pursue fund stakes, but also do more co-investing.

PRIVATE EQUITY

September 19th, 2022

ADIA’s Former Longtime Head of VC Joins Investment Firm

Blue Opal Capital, Abu Dhabi Investment Authority, Ahmed Al Mosa, Federico Jost, Sebastien de Jong

PRIVATE EQUITY

September 19th, 2022

Connecticut Retirement Plans and Trust Funds Poised to Increase Investing in Private Assets

New asset allocation strategy ups target to private equity to 15%, doubles target for private credit to 10%.New asset allocation strategy ups target to private equity to 15%, doubles target for private credit to 10%.

PRIVATE EQUITY

September 16th, 2022

CalPERS Looks to Up Its Private Equity & Infrastructure Investing

Plan also seeks to give leadership more authority to approve fund investments, co-investments, and secondary transactions.

PRIVATE EQUITY

September 15th, 2022

Private Equity Proved Key to Pension Funds That Generated Positive Returns

Oregon Public Employees Retirement Fund, Maine Public Employee Retirement System and the New Mexico Educational Retirement Board among those who benefitted from being overallocated to PE.

PRIVATE EQUITY

September 8th, 2022

Teacher Retirement System of Texas Invests in Crypto Fund

System backs CoinFund Ventures among four commitments done over the summer.

PRIVATE EQUITY

September 8th, 2022

New York State Common Retirement Fund Takes Liking to DIF Capital Partners

Pension fund invests in two of the infrastructure firm’s funds; deploys $1B in total to eight funds in July.

PRIVATE EQUITY

September 8th, 2022

OMERS Private Equity Appoints ESG Lead

Helen Rattee will work to ensure OPE’s portfolio is constructed to mitigate risks while capitalizing on ESG opportunities.

PRIVATE EQUITY

September 7th, 2022

Constitutional Reserve Fund of Monaco Pours Capital into Water-Focused Impact Fund

Sovereign wealth fund invests €10 million in Ocean 14 Capital’s fund, joining such other LPs as European Investment Fund and Niklas Zennström.

PRIVATE EQUITY

September 6th, 2022

Wisayah Investment Co. Private Equity Head Departs

Jonas Nyquist leaves Saudi Aramco investment subsidiary to start own firm.Jonas Nyquist leaves Saudi Aramco investment subsidiary to start own firm.

PRIVATE EQUITY

September 2nd, 2022

Strong Alternatives Performance May Help Florida SBA with Efforts to Lift Restrictions

System is currently limited to 20% of its allocation in private equity, credit, hedge funds and infrastructure.

PRIVATE EQUITY

August 31st, 2022

CalSTRS Passes Its Private Equity Allocation Target

System, though, remains active in the asset class, deploying $5.1B in the first half of ’22.

PRIVATE EQUITY

August 30th, 2022

Are Institutional Investors Poised to be Impacted by Rise of Retail PE Investors?

With investment firms seeking to attract trillions from smaller investors, large allocators could have co-investment opportunities, fee cuts reduced.

PRIVATE EQUITY

August 30th, 2022

Employees’ Retirement System of the State of Hawaii Blows Away Peers and Benchmark

System is now searching for a CIO to replace Elizabeth Burton, who left at the end of June.

PRIVATE EQUITY

August 26th, 2022

CalSTRS Seeking Individuals to Oversee Private & Public Market Activities

System posts listings for two new roles; individuals would report to Deputy CIO Scott Chan.

PRIVATE EQUITY

August 24th, 2022

Qatar Investment Authority & Commonfund Capital Help Raise Company’s Valuation

‘Execution management’ firm Celonis now valued at $13B after latest round.

PRIVATE EQUITY

August 24th, 2022

New Mexico State Investment Council Private Equity Head Retiring

David Lee will be replaced by colleague Chris Cassidy at end of September.

PRIVATE EQUITY

August 24th, 2022

Insights: IPEF: Setting future business rules and standards

The Indo-Pacific Economic Framework (IPEF) was launched by President Biden on 23 May 2022. It includes Australia, Brunei, India, Indonesia, Japan, Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand and Vietnam. Fiji joined the group soon after.

PRIVATE EQUITY

August 23rd, 2022

Temasek Portfolio Company Goes Public Via a SPAC

Akili will use proceeds for its treatment for ADHD.

PRIVATE EQUITY

August 23rd, 2022

LPs’ Interest in PE & VC Down, Hedge Funds Up

Respondents see VC as most overvalued and are more wary of emerging markets.

PRIVATE EQUITY

August 22nd, 2022

Private Equity Firm Thoma Bravo in Talks to Buy Cybersecurity Company Darktrace

Thoma Bravo, which has $114 billion in assets under management, has until September 12 to announce whether it will make a firm offer.

PRIVATE EQUITY

August 21st, 2022

Florida State Board of Administration Will Seek to Increase Alternatives Cap in Fall

SBA currently restricted from making new PE, VC, credit, hedge fund and infrastructure commitments.

PRIVATE EQUITY

August 18th, 2022

Qatar Investment Authority Pumps Capital into Biotech Deals

Sovereign wealth fund has done at least three such deals in 2022.

PRIVATE EQUITY

August 18th, 2022

Blackstone Brings Aboard Crypto Executive

Adam White previously worked at Bakkt and Coinbase.

PRIVATE EQUITY

August 17th, 2022

Kentucky Public Pensions Authority’s New CIO Receives Sizable Challenge and Opportunity

Steve Willer tasked with bringing 10 funds into compliance with their asset allocation targets.

PRIVATE EQUITY

August 17th, 2022

MassPRIM Looks to Up Private Equity Allocation Range

Plan board also commits more than $1.5 billion to fund and co-investment opportunities.

PRIVATE EQUITY

August 15th, 2022

CalPERS, CalSTRS and UC Investments Among Backers of Arsenal Capital’s New Funds

Private equity firm exceeds target goal; will invest in healthcare and technology.

PRIVATE EQUITY

August 12th, 2022

CPP Investments Deploys More than $5B – Despite Tough First Quarter

Canada’s largest pension plan was active in both backing funds and in co-investments.

PRIVATE EQUITY

August 11th, 2022

Maine Public Employee Retirement System Commits to Two Funds

Pension plan is in midst of implementing recent asset allocation changes.

PRIVATE EQUITY

August 8th, 2022

Should Private Markets Still Be Considered Totally Illiquid?

Private Equity, Real Estate, Secondaries, Jefferies, Wilshire Associates, Coller Capital, Los Angeles County Employees Retirement Association, LACERA, New Jersey Division of Investment, Washington State Investment Board

PRIVATE EQUITY

August 8th, 2022

Carlyle Group CEO Steps Down; Search on for Replacement

Kewsong Lee leaves firm; William Conway to serve as interim CEO.

PRIVATE EQUITY

August 3rd, 2022

State of Rhode Island’s Investment Team Sees Departure, Promotions

Jonathan Popielarski leaving role as director of private assets; Justin Maistrow becomes deputy CIO.

PRIVATE EQUITY

August 3rd, 2022

LPs’ Interest in Distress & Private Credit Rising

Survey says they are showing less interest in growth equity, new managers and Asia.

PRIVATE EQUITY

August 2nd, 2022

New York State Teachers Tweaks Asset Allocation Targets

System told to increase private equity, decrease international equity.

PRIVATE EQUITY

July 26th, 2022

CalSTRS and CalPERS Look to Significantly Increase Co-Investing; Other Public Pension Funds See Potential in Strategy

Potential to reduce fees paid to PE managers and generate strong returns spurs institutional investors to find ways to collaborate with firm managers.

PRIVATE EQUITY

July 25th, 2022

Pennsylvania State Employees’ Retirement System Gives OK to Sentinel Capital Funds

SERS board had postponed committing to the funds in June over diversity concerns.

PRIVATE EQUITY

July 23rd, 2022

New York State Insurance Fund Seeks Leader for New Alts Group

$20 billion fund is expected to focus on private equity, real estate, and private credit, according to job listing.

PRIVATE EQUITY

July 21st, 2022

University of Michigan Commits to Three Existing Managers

School – a big backer of venture capital – sees year-to-date gains through May.

PRIVATE EQUITY

July 20th, 2022

CalPERS’ Reports First Loss Since 2009

Strong returns from private markets cannot offset equity and fixed income losses.

PRIVATE EQUITY

July 20th, 2022

The Curious History of CAIA

Despite its modest origin, CAIA has expanded into a globally recognized designation, and alternatives are hardly alternative.

PRIVATE EQUITY

July 14th, 2022

LACERA Backs Venture Funds, Takes Action Against Manager

Pension plan also discloses that it took part in a co-investment with a PE manager.

PRIVATE EQUITY

July 14th, 2022

TRSL Adds Three Funds & Global REIT Manager to Portfolio

Plan’s board approves Bernhard Capital Partners, Hark Capital and TPG funds.

PRIVATE EQUITY

July 13th, 2022

L Catterton Lures Rashid Away from Adams Street Partners to Launch Private Credit Platform

Consumer-focused PE firm sees private credit as ‘natural extension,’ mum on fundraising plans.

PRIVATE EQUITY

July 13th, 2022

Private Equity Produced Negative Return in First Quarter

StepStone Group expects industry to also have poor results over at least the next two quarters.

PRIVATE EQUITY

July 13th, 2022

Mubadala Backs Startup Bucking the Odds

wefox sees valuation increase in newest round, on pace to do $600 million in 2022.

PRIVATE EQUITY

July 12th, 2022

Partners Group Brings Aboard New Private Equity Leader

Scheider to take over for David Layton, who also is Partners’ CEO.

PRIVATE EQUITY

July 11th, 2022

CalPERS Pulls Off Record Secondary PE Sale, Will Other LPs Follow?

Musicco says move enables pension plan to ‘capitalize on market opportunities.’

PRIVATE EQUITY

July 11th, 2022

KKR Brings Sudol Aboard as General Counsel

Simpson Thacher & Bartlett veteran has worked with investment firm on transactions for several years.

PRIVATE EQUITY

July 8th, 2022

CalSTRS Lays Out Plan for Cutting Investment Costs

Pension plan sees private equity co-investing as key component but needs the right people to execute.

PRIVATE EQUITY

July 7th, 2022

Iowa Public Employees’ and Other State Funds Show Patience Needed to Alter Asset Allocation Plan

‘Ambitious’ plan involved changing private equity, private credit, real assets and fixed income mix.

PRIVATE EQUITY

July 5th, 2022

Manna Tree CEO Ellie Rubenstein Appointed to Alaska Permanent Fund’s Board

APFC has invested in a series of funds raised by firm her father co-chairs, the Carlyle Group.

PRIVATE EQUITY

July 5th, 2022

CDPQ Portfolio Company Revives IPO

Clarios will try to push through tough public market.

PRIVATE EQUITY

June 29th, 2022

Hamilton Lane Focused on Making It Easier to Invest in Private Equity Funds

Private markets giant invests in digital private market exchange, adds head of digital assets.

PRIVATE EQUITY

June 28th, 2022

ILPA CEO Steps Down

Search begins for new leader for PE-focused LP group; Choi to serve as interim head.

PRIVATE EQUITY

June 23rd, 2022

Virginia Retirement System ’Slowing Down’ its Private Equity Investing

Above target, plan makes no new commitments in May, but does back private credit and real assets funds.

PRIVATE EQUITY

June 23rd, 2022

Brookfield Closes Record Energy Transition Fund

Firm taps more than 100 institutional investors to blow past hard cap.

PRIVATE EQUITY

June 22nd, 2022

State of Rhode Island Could Soon Have New CIO

Person tapped would replace Andrew Junkin and take over plan that is set with PE in 2022.

PRIVATE EQUITY

June 21st, 2022

Head of Manulife Investment Management PE Fund Investment Program Retires

Budde had been with firm since 2005; also worked at ABRY Partners.

PRIVATE EQUITY

June 17th, 2022

Alternative Assets Veteran Garrison Retires from TCU

He spent 14 years at the endowment after leading private markets at Teacher Retirement System of Texas.

PRIVATE EQUITY

June 16th, 2022

Institutional Investors Braced for Drop in PE & VC Valuations

Growth and late-stage VC expected to take worse hit – an event that may slow fundraising rush.

PRIVATE EQUITY

June 14th, 2022

English and Wales Pension Funds Set to Invest More in Private Markets

Survey finds majority expect allocations to increase by between 5% and 10%.

PRIVATE EQUITY

June 13th, 2022

LACERS’ June Reflects on Career, Investing & Need for Flexibility

Veteran CIO describes balance needed to work at a public pension plan.

PRIVATE EQUITY

June 8th, 2022

TRSL Selects HarbourVest Partners for Co-Investment Mandate

Pension fund also approves commitments to three other funds.

PRIVATE EQUITY

June 8th, 2022

UC Investments Hits ‘Audacious’ Diverse Manager Meeting Goal

University weighing to invest in 18 managers discovered during process.

PRIVATE EQUITY

June 8th, 2022

Survey: Private Equity Brings Institutional Investors Strong Returns, Challenges

Limited partner concerns reported by Coller Capital include reputation and new sources of capital.

PRIVATE EQUITY

June 3rd, 2022

Washington State Investment Board Moves to Revise Secondary Policy

New plan would streamline process and enable more capital to be deployed.

PRIVATE EQUITY

June 2nd, 2022

Mass PRIM Commits to Series of China Funds

Pension fund sees benefits of investing in Sequoia Capital’s new funds outweigh risks.

PRIVATE EQUITY

June 2nd, 2022

Buyout Dry Powder Rises

After a drop in 2021, capital raised but not committed increases.

PRIVATE EQUITY

June 1st, 2022

CPPIB Forms Growth Equity Unit, Reports Solid Results

Canadian pension plan combines two units to back companies poised for ‘transformational growth.’

PRIVATE EQUITY

May 31st, 2022

Stock Decline Puts Oregon Public Employees’ Retirement Fund at Equities Target

PERS Sees Value of Stocks Decline by Nearly $3 Billion Between March and April.

PRIVATE EQUITY

May 31st, 2022

Advent Sees Sizable New Fund As ‘Appropriate’

Private equity firm will use $25 billion fund to invest in an array of sectors and geographies.

PRIVATE EQUITY

May 26th, 2022

CDPQ’s PE Arm Raises Activity Level

Canadian pension fund poised to invest in healthcare, vegetable deals.

PRIVATE EQUITY

May 25th, 2022

Rhode Island Fund Cleared to Invest in Private Equity and Private Credit

State investment commission also approves new fund commitments as CIO prepares to leave.

PRIVATE EQUITY

May 25th, 2022

Clearlake Capital Hopes to Score with Chelsea FC Purchase

Deal may pave the way for other PE firms to buy teams.

PRIVATE EQUITY

May 20th, 2022

Apollo-Sofinnova Strike ‘Different’ Partnership

Apollo will own a minority stake in life science VC firm.

PRIVATE EQUITY

May 13th, 2022

TPG Eyes Impact for Growth

TPG Founding Partner Jim Coulter is pleased with fundraising and deal success.

PRIVATE EQUITY

May 13th, 2022

Institutions Grappling with Overallocation to Private Equity

As the denominator effect hits more institutions than usual, it may crimp investors and make it more difficult for GPs to raise funds.

PRIVATE EQUITY

May 13th, 2022

J.P. Morgan Sustainable Growth Equity Makes First Investment

Its first investment is all about monitoring carbon.

PRIVATE EQUITY

May 13th, 2022

BlackRock Progressing On $1B Fund Focused on People of Color

Fund will make direct investments across PE, private credit, infrastructure and real estate.

PRIVATE EQUITY

May 13th, 2022

TRSL Approves New Asset Allocation

The pension fund is seeking to select a firm by early June.

PRIVATE EQUITY

May 9th, 2022

Former NYC Retirement Systems CIO Joins PE Firm

Doñé to oversee Platinum's strategic planning and investor capital development.

PRIVATE EQUITY

May 4th, 2022

Apollo to Roll Out HNW Retail Business Next Year

CEO Marc Rowan explained the new business model during Milken Institute Global Conference.

PRIVATE EQUITY

April 26th, 2022

SFERS Has Busy First Quarter with $500M in Commitments

Battery Ventures, New Mountain, Threshold and ArchiMed are among those backed.

PRIVATE EQUITY

April 22nd, 2022

KKR Makes First Office Acquisition in Singapore

KKR, AEW pen Singapore office sale in Tanjong Pagar.

PRIVATE EQUITY

April 22nd, 2022

Blackstone Continues Pursuit of $1T AUM

Alternatives giant finds success in raising capital from array of investors.

PRIVATE EQUITY

April 14th, 2022

PSRS/PEERS Missouri Increases Private Equity Target

Change marks the second increase to sector in two years.

PRIVATE EQUITY

April 12th, 2022

Ohio STRS Increases Target Private Equity Allocation

Makes move despite past criticisms of fees paid to managers.

PRIVATE EQUITY

April 12th, 2022

Oregon PERF’s Private Equity Allocation Tops Public Equity for First Time

PERF has allocated 27% of its fund to private equity and 25.2% to public equities.