Employees’ Retirement Fund for the City of Dallas may hike its target allocation to private equity. Thomas Toth, a managing director with consultant Wilshire Associates, recommended Dallas increase its allocation to private equity from 7.5 percent to 10 percent. (Buyouts)
Climate Asset Management has secured a $200 million commitment from Apple for a distinct investment vehicle, which the tech giant views as an extension of its Restore Fund. (Agri Investor)
Eighty percent of GPs are engaging with organizations to assist with the recruitment and retention of diverse groups, according Meketa’s third annual DE&I questionnaire. (New Private Markets)
Real estate debt funds are seeing the pool of lending opportunities widen further as the turmoil in the banking sector creates a bigger void in the financing market. (PERE)
Consulting and law firm MJ Hudson has sold its business outsourcing and its data and analytics divisions to fund administrator Apex Group as it winds down its operations. (Private Funds CFO)
Coller Capital, one of the last remaining independent secondaries firms of size, has reconfigured the structure of its management company, a year after its founder ceded equity to fellow partners. (Secondaries Investor)
MetaVC Partners, which is backed by Bill Gates, has closed on $62 million for its debut fund to invest in start-ups working with new advanced materials. (Venture Capital Journal)
"IBM is exploring a sale of its weather operation, according to people familiar with the matter, as the technology company seeks to streamline its operations. An auction of the business is at an early stage, the people said, and there may not be a deal. Should there be one, private-equity is most likely the buyer in a deal that could be valued at more than $1 billion, the people said." (Wall Street Journal)
FT's "Lex" explores the deal Triton International made when it agreed to sell itself to Brookfield Infrastructure Partners. "Instead of pure cash, Triton shareholders gain exposure to BIP’s investments across energy pipelines, electricity utilities, data centres and the like. Investors such as Brookfield have aggressively swallowed up and even redefined what constitutes infrastructure assets, bidding up their prices."
"The maker of Purell hand sanitizer is seeking a buyer and drawing interest from some big names in consumer products." (Wall street Journal)
"A bankruptcy trustee who has sued sales reps at a fizzled fashion firm for commissions they earned three years ago is now going after buyout firms that allegedly put the company under." (New York Post)
"A private equity consortium backed by CVC Capital Partners is in talks about a potential acquisition of Middle Eastern credit card processor Network International Holdings Plc." (Bloomberg)
