Florida to lift in-state tech-investment fund to $1 blnPosted: 05/07/2019 |
Subscription Required Florida State Board of Administration is lining up a $125 million commitment that would push up its in-state technology investment program to $1 billion. Hamilton Lane is responsible for most of Florida Growth Fund, which covers venture, growth and mezzanine debt investments in private businesses with significant presence in Florida. A planned new commitment would […] | | Read more... | |
|
CalPERS again extends deadline for consultant proposalsPosted: 05/07/2019 |
Subscription Required California Public Employees’ Retirement System extended its request for proposals for investment consultants by almost a week, the second extension that the $354 billion system made in two months. The deadline was extended from to May 22 from May 17, a memo by Jennifer Renda, CalPERS’s contracts officer, shows. Proposals originally were due April 30, […] | | Read more... | |
|
Family offices looking to farmland for stable investmentsPosted: 05/06/2019 |
Subscription Required For family offices, where maintaining wealth is often a top priority, investing in farmland has made good sense for the past few years. “Farmland always has a rent,” said Chris Morris, co-founder and managing director of LandFund Partners, a Nashville investment firm that buys land primarily in Mississippi and Arkansas. “Farmland is a productive asset; […] | | Read more... | |
|
Florida SBA in Q1: Pledges in 3 currencies total $247 mlnPosted: 05/03/2019 |
Subscription Required Florida State Board of Administration committed $247 million to five private equity funds during the first quarter of 2019. Q1 Board commitments include: 286 million Swedish kronor ($30 million) to Summa Equity’s second fund. The fund closed in February at a hard cap of $681 million. Summa Equity II focuses on Nordic and European companies […] | | Read more... | |
|
NYS Common commits $650 mln to Blackstone and Freeman SpogliPosted: 05/02/2019 |
Subscription Required New York State Common Retirement Fund at its March meeting committed $650 million to private equity funds focused in North American, European and Asian markets. The board pledged $150 million to FS Equity Partners VIII, a middle-market consumer and distribution fund from Freeman Spogli & Co. CRF committed $500 million to Blackstone Group’s global private […] | | Read more... | |
|
Forbes Family Trust open to further expansion after Optima, AM Global dealsPosted: 05/02/2019 |
Subscription Required Forbes Family Trust grabbed headlines last week when it acquired Optima Fund Management, just months after buying AM Global Family Investment Office. When Active LPs asked CEO Keith Bloomfield if any more acquisitions were on the horizon, he did not rule it out. “Currently we have no plans to do so, but we’re always open to […] | | Read more... | |
|
Cresset acquires Cypress, hints at future OZ deals in the worksPosted: 05/02/2019 |
Subscription Required Cresset Asset Management said Thursday it acquired the San Francisco registered investment adviser Cypress Wealth Advisors. Terms weren’t disclosed. Barbara Young, Cypress’s founder, CEO and CIO, will become a partner at Cresset. Cypress adds more than $500 million in AUM, Cresset said. This acquisition comes a few weeks after Cresset acquired Evanston Advisors, which also had […] | | Read more... | |
|
New Hampshire commits $75 mln to secondaries strategiesPosted: 05/01/2019 |
Subscription Required New Hampshire Retirement System at its April meeting pledged $75 million to secondaries strategies in private equity and venture, the system’s public information officer, Marty Karlon, told Buyouts. The system’s independent investment committee pledged $25 million to Top Tier Capital Partners’ Venture Velocity Fund III, focused on secondary purchases and co-investments. New Hampshire committed $20 […] | | Read more... | |
|
Pollux seeks family offices to target litigation-finance strategyPosted: 05/01/2019 |
Subscription Required Pollux Investment Management is the latest project from longtime investor and former hedge-fund director Marc Abrams, where he hopes to use the family office space to target an asset class in which he sees strong potential: litigation funding. Abrams, who until 2009 was co-founder and senior vice president of Titan Capital Group, hopes to formally […] | | Read more... | |
|
Fresh Profile: 39 North seeks to back experts in their fieldsPosted: 04/30/2019 |
Subscription Required The New York single-family office 39 North Capital is happy to work with founders and families on businesses in which the owners continue to call the shots. “We’re not coming in with our own team and acting like we know more than the day-to-day operators of the business,” said Jacob Roffman, managing partner at the firm. […] | | Read more... | |
|
