Emerging Manager Roundup: GreatPoint, Bonaccord, Cohesive, Endeavour and morePosted: 03/01/2019 |
Subscription Required Emerging managers raised $1.6 billion over the past few weeks, continuing a late-winter lull. Four private equity firms and one venture firm raised over $100 million. GreatPoint Ventures outraised all firms with more than $245.6 million for its second innovation fund. The venture firm was founded by entrepreneurs. On the private equity side, Bonaccord wasn’t […] | | Read more... | |
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Texas Municipal pledges $100 mln to Foundry GroupPosted: 03/01/2019 |
Subscription Required Texas Municipal Retirement System at its February meeting recommended $250 million in PE commitments to funds including the financial and tech sectors. If approved, the funds would fall in line with TMRS’s goal to add 15 funds in the next few years. As of January 2019, it had 35 PE funds in its portfolio, Buyouts previously […] | | Read more... | |
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MassPRIM increases PE target, commits $480 mln to GPsPosted: 03/01/2019 |
Subscription Required Massachusetts Pension Reserves Investment Management Board approved a 1 percentage point increase in its target allocation to private equity at its February meeting, while also committing $480 million to new PE strategies. MassPRIM, which manages $69.3 billion in its pension trust, voted to increase its private equity allocation to 12 percent from 11 percent, with […] | | Read more... | |
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OMERS taps ex-CPPIB exec Mark Shulgan to lead new growth-equity strategyPosted: 02/28/2019 |
Subscription Required OMERS appointed Mark Shulgan to head the Canadian pension fund’s new growth-equity platform, Buyouts has learned. OMERS announced Shulgan’s hire as a managing director in September, though at the time did not mention the new strategy. He will now run OMERS Growth Equity, recently set up for long-term investing in high-growth companies committed to innovation in sectors like healthcare and tech, […] | | Read more... | |
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Alameda County backs Genstar fund as it works to meet PE allocationPosted: 02/28/2019 |
Subscription Required Alameda County Employees’ Retirement Association (ACERA) approved a $33 million commitment to Genstar Capital Partners’ ninth fund at its February meeting. Genstar Fund IX closed on $7 billion Feb. 25, with $5.5 billion in the main fund and $1.1 billion in overage capacity, the firm said in a press release at the time. Genstar and […] | | Read more... | |
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LADWP sets $400 mln PE pace for 2019Posted: 02/27/2019 |
Subscription Required Los Angeles Department of Water & Power Retirement Plan intends to commit $400 million to private equity in 2019 and to increase its allocation thereafter, a report prepared by StepStone Group shows. The report was presented at a Feb. 13 meeting of the pension plan’s board. StepStone is helping the plan step up its PE commitments, […] | | Read more... | |
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New Mexico SIC re-ups with TA and BrookfieldPosted: 02/27/2019 |
Subscription Required New Mexico State Investment Council re-upped $200 million across funds managed by TA Associates and Brookfield Asset Management. Council also renewed a consulting contract with national private equity adviser Pavilion Alternatives Group. The board unanimously approved: $100 million to TA Associates XIII, targeting $7.5 billion according to a person with knowledge of the firm; $100 […] | | Read more... | |
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Indiana PRS commits $311 mln to PE, eyeing tech and EuropePosted: 02/26/2019 |
Subscription Required Indiana Public Retirement System’s board in the past five months approved more than $311 million in private equity commitments, including new investments in a tech-sector fund and European markets, the system said at its February meeting. The system has been steadily growing its private-markets portfolio, to around 12.2 percent of the total portfolio. Indiana had about […] | | Read more... | |
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Say hello to new Active LPs reporter Teddy GrantPosted: 02/25/2019 |
Subscription Required Hello! My name is Teddy Grant and I have just joined Active LPs to cover pension funds and family offices. I earned my master’s degree in journalism at the City University of New York Graduate School of Journalism in 2017. Prior to joining ALPs, I was the culture and political writer for Ebony magazine. My work […] | | Read more... | |
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Washington State backs TPG and TPG Sixth Street with new PE commitmentsPosted: 02/25/2019 |
Subscription Required Washington State Investment Board at its February meeting approved $750 million in private equity commitments, backing funds focused on growth, credit, and impact investments. The board committed: $300 million to Stone Point Capital’s Trident VIII fund, which has a $6.5 billion hard cap and will focus on North America and Western Europe buyouts in the […] | | Read more... | |
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