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GMH Ventures, the family office and investment arm of Gary Holloway Sr., partners with private equity managers and independent sponsors on middle-market acquisitions in manufacturing, distribution and services. Pennsylvania-based Holloway was an early mover in student and military housing and purchased his first student housing community in 1986. From there, he expanded it to more than 29,000 […]

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New York City Comptroller Scott Stringer named J. David Enriquez as head of private equity within the city’s Bureau of Asset Management, placing him in charge of the city pension funds’ $12 billion private equity portfolio. The five pension funds in the New York City system collectively have $200.2 billion in assets with a $12 billion private […]

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Crow Holdings Capital-Investment Partners, a multi-family office that invests on behalf of real estate tycoon Trammell Crow’s family, is raising a $60 million industrials fund, a recent Form D said. CHC-Investment Partners is part of Crow Holdings Capital that also includes CHC-Real Estate. CHC-Investment Partners is led by Michael Silverman, principal and chief investment officer, […]

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Family office Serruya Private Equity partnered with Lion Capital in acquiring the owner of Great American Cookies, Round Table Pizza and other retail food brands. Last month, Lion and SPE acquired Global Franchise Group from Levine Leichtman Capital Partners. The Los Angeles PE firm announced the sale but did not disclose the terms or buyers. The […]

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New Mexico State Investment Council does not like to miss opportunities to invest with its preferred managers. The fund at its Nov. 29 meeting committed $100 million to Blackstone Group’s ninth real estate fund, making the allocation early out of its 2019 target. The sovereign fund had already used up its 2018 allocation target, Jack […]

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New Jersey State Investment Council approved $275 million in private equity commitments at its November meeting, backing TPG’s second social-impact fund and a middle-market consumer fund. The $79.4 billion state pension system committed up to $125 million to Rise Fund II, which is part of the TPG Growth platform. Rise Fund, which has a $3.5 […]

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Many limited partners are seeking additional expertise in specific industry sectors, and a majority see healthcare and pharma as areas rich in opportunity, according to a new survey. Nearly one in five LPs are planning to allocate additional resources to sector specialization, according to Coller Capital’s Global Private Equity Barometer for winter 2018-2019. Coller surveyed 100 […]

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L2Capital Partners, Bob Levine’s family office, in partnership with independent sponsor Lakewood Capital bought Orion ICS and its subsidiary Novotus on Monday. Previously Orion Talent, the executive-search firm connects businesses with military candidates for recruitment needs. Clients include engineering companies like Siemens, construction, medical, paper and food industries, among others. Orion acquired recruiting-process outsourcer Novotus in 2016 to […]

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Massachusetts Pension Reserves Investment Management Board at its Nov. 29 meeting committed $105 million to two managers, investing in software-focused growth equity and venture capital. The $77.2 billion pension system approved a commitment of up to $75 million to JMI Equity Fund IX and $30 million to Flagship Pioneering Special Opportunities Fund II. MassPRIM had […]

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Illinois Municipal Retirement Fund’s board at its Dec. 14 meeting will consider reducing its assumed rate of investment returns, driven by concern about higher market volatility and decreasing returns across asset classes. The pension system has maintained 7.5 percent assumed returns for 25 years. This is the second time the pension system’s actuarial consultant, GRS Retirement […]