Ex-Parkwood Director Chaya Slain joins AdCap ManagementPosted: 04/11/2019 |
Subscription Required Chaya Slain joined AdCap Management as chief investment officer this month, according to her LinkedIn page. The Cleveland firm is run by Joel Adelman, who previously founded Advance Partners and then sold it to Paychex in 2015. Adelman started AdCap in April 2018, according to his LinkedIn page. Described by Crain’s Cleveland Business as a “family office, alternative lender […] | | Read more... | |
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New Mexico SIC backs Platinum and AdventPosted: 04/11/2019 |
Subscription Required New Mexico State Investment Council at its March meeting committed $175 million to funds from Platinum Equity and Advent International, documents show. The system re-upped with Platinum, pledging $75 million to Fund V, which focuses on underperforming businesses in North American markets. The fund target is $8 billion. New Mexico SIC committed a total of […] | | Read more... | |
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Louisiana Teachers seeks manager to oversee private investmentsPosted: 04/10/2019 |
Subscription Required Teachers’ Retirement System of Louisiana is looking for a consultant to manage its private-markets investments, including PE, private debt and real assets, The $20 billion system currently employs Hamilton Lane as its private-markets manager and is looking to award a new five-year contract after the current contract expires at the end of 2019. Louisiana Teachers […] | | Read more... | |
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Washington eyes up to $200 mln to SearchlightPosted: 04/09/2019 |
Subscription Required Washington State Investment Board’s private markets committee at its April meeting recommended up to $200 million to Searchlight Capital’s third fund, documents show. Searchlight Capital Fund III focuses on middle-market companies in IT, communication services and consumer discretionary in North America and Western Europe. The pool’s target size is $2.75 billion with a $3.25 billion […] | | Read more... | |
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NYS Common committed $300 mln to PE in FebruaryPosted: 04/09/2019 |
Subscription Required After a busy finish to 2018, New York State Common Retirement Fund took a more moderate approach to PE pacing in the first two months of 2019. The $207 billion fund committed a total of $6.3 billion to private equity in 2018, closing the year with more than $1.1 billion in commitments to PE funds […] | | Read more... | |
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Newly minted OMERS Growth Equity eyes long-run tech disruptionPosted: 04/09/2019 |
Subscription Required OMERS Growth Equity, the growth equity arm of C$97 billion ($73 billion) Canadian pension fund OMERS, is looking to invest in mid-stage companies poised to reshape traditional sectors. OGE, led by Head of Growth Equity Mark Shulgan, hired in 2018 from Canada Pension Plan Investment Board, launched this year as a third pillar of OMERS […] | | Read more... | |
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Back to School: Investors like small funds, emerging marketsPosted: 04/09/2019 |
Subscription Required Institutional investors love PE and say small funds and emerging markets managers present the best opportunity today. That’s according to a Commonfund survey, which included 200 investors from endowments, foundations and public pensions. Responses came in March at the 21st annual Commonfund Forum. The survey showed 31 percent of respondents felt emerging markets represented the best […] | | Read more... | |
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Texas Teachers commits $720 mln to PE, bets big on BlackstonePosted: 04/08/2019 |
Subscription Required Teacher Retirement System of Texas committed more than $700 million to private equity in March, with Blackstone Group taking home most of the new commitment dollars. The $154 billion retirement system committed $600 million to Blackstone Capital Partners VIII, a megafund that has attracted large commitments from the retirement systems of Oregon and Massachusetts, among others. Bloomberg […] | | Read more... | |
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Rhode Island commits $60 mln to AdventPosted: 04/05/2019 |
Subscription Required Rhode Island State Investment Commission at its March meeting committed $60 million to Advent International’s ninth global private equity fund, pension documents showed. Advent International focuses on healthcare; industrial; business and financial services; retail, consumer and leisure; and technology, media and telecommunications in North America and Europe. GPE IX is targeting $17.5 billion, according to […] | | Read more... | |
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Montana bets $20 mln on Foundation’s ninth fund as commitments risePosted: 04/04/2019 |
Subscription Required Montana Board of Investment at its April meeting made a commitment to a Silicon Valley-based Foundation Capital’s ninth fund. Montana pledged $20 million to Foundation’s Fund IX, which focuses on technology markets, a person familiar with the deal told Buyouts. The fund is targeting $350 million, according to an SEC filing. Foundation closed Fund VIII […] | | Read more... | |
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