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AGI Partners is a lower-middle-market-focused independent sponsor pursuing what Partner David Acharya, calls a “very simple” strategy: buy and build. “We find a good platform company; we find a good management team. Then we find complementary add-ons, but we also focus on overall value creation,” he told Active LPs. AGI makes direct investments into TMT, business marketing services […]

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Breakwater Investments is the family office for Canada’s McKeil family, created after they sold their 60-year-old marine-transportation business to TorQuest Partners in 2016. Much of Breakwater’s work reflects the family’s nautical background — it helps run a shipyard business the family still owns, with five locations in Ontario and eastern Canada. “We’re involved in ensuring […]

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David Rubenstein, co-executive chairman of Carlyle Group, said the time is right for investors to put their money in emerging markets. “The bloom is off the rose” for emerging markets, which means the segment is right for contrarian bets, he said in a keynote speech this week at the EMPEA/IFC Global Private Equity conference in […]

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Virginia Retirement System at its May 13 meeting said it made commitments to and terminated its relationship with funds within its credit-strategies program, the system’s communications strategy manager, Virginia Sowers, told Active LPs. The system committed $150 million to KKR’s Real Estate Credit Opportunity Partners Fund II, which “invests in the junior bonds… of commercial mortgage-backed […]

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Chaifetz Group is based in Chicago, on one of the seven floors in NBC Tower claimed by ComPsych, the employee-assistance-program provider founded by Richard Chaifetz and the source of the wealth this multibillion-dollar single-family office has managed and invested since it was founded in 2010. Ross Chaifetz, Richard’s son and director of venture capital at […]

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California Public Employees’ Retirement System in June will present the board with a new co-investment strategy, including a new method for vetting co-investment opportunities and deciding how active to be on a deal, according to CIO Ben Meng. CalPERS stopped co-investing in 2016, as part of the same long-term review of PE that led it to […]

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Teachers’ Retirement System of Louisiana at its May meeting pledged up to $275 million across asset classes, Executive Liaison Director Lisa Honore told Buyouts. Louisiana committed $100 million to Platinum Equity’s fifth flagship fund, targeting $8 billion. New Enterprise Associates XVII, a venture fund targeting $3.6 billion, according to an SEC filing, and focusing on healthcare and technology, […]

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Opportunity zones have made a huge splash in the wealth-management and family-office space. Firms are moving full speed ahead to take advantage, with some calling the enabling U.S. law a once-in-a-lifetime opportunity. While the law is part of President Donald Trump’s tax-cut bill, the section creating OZs was bipartisan, originally part of a bill introduced by Sen. Tim […]

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Pennsylvania State Employees’ Retirement System at its April meeting committed $875 million to private equity funds, in line with its 2018-2019 investment plan, meeting documents show. The investment plan set its annual pacing for new PE commitments at $650 million to reach its target allocation of 16 percent. Its current annual pacing sits at $750 […]

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California Public Employees Retirement System hired an executive from Altamont Capital Partners to lead its private equity program, a post that had been vacant for more than two years. Greg Ruiz is the new managing director, CIO Ben Meng said at the May 13 investment committee meeting. “Greg has worked his whole career in private equity, most recently as a principal […]