Minnesota State Board of Investment institutes bracket for private assets target: The denominator effect caused the system’s private fund portfolio to soar in 2022. Staff believes a range will help it better manage the $80.1bn system’s private assets. (Buyouts)
The March Agri-Tech Innovation Summit suggested the most impactful near-term development in ag could focus as much on partnering for access to customers as on finding new breakthrough technologies. (Agri Investor)
Europe’s heavily regulated electrical grid holds much promise for investors all along the transmission value chain. The question is how to get their hands on it.(Infrastructure Investor)
Since its passage, the Infrastructure Investment and Jobs Act has funded thousands of projects that otherwise would be off the table in the US. However, that progress stands to be slowed – mostly due to inflation, which as of February of this year stood at 6.4 percent in the US. (Infrastructure Investor)
More than two fifths of the people making portfolio allocation decisions for insurance companies say they plan to increase their allocations to private corporate debt over the next 12 months, according to a report by Goldman Sachs Asset Management. (Private Debt Investor)
"NGP Energy Capital Management is exploring the sale of two Permian basin-focused oil producers which could collectively fetch the private equity firm more than $7 billion, people familiar with the matter said on Wednesday." (Reuters)
"Wall Street investment banks that financed last year’s leveraged buyout of tech company Citrix have lost roughly $1.5bn after selling off remnants of a deal struck as the era of cheap money was coming to an end, according to people familiar with the matter." (Financial Times)
"Debt fund manager Sound Point Capital Management and insurer Assured Guaranty have agreed to combine in a bid to better compete in the booming credit-investing market." (Wall Street Journal)
"Warburg Pincus notched a hefty [more-than fourfold] gain on its 2020 investment in gene-therapy technology company Polyplus-transfection SA, the latest in a string of healthcare transactions with big payoffs for the private-equity firm." (Wall Street Journal)
"Blackstone Inc. senior managing director Nadim El Gabbani has left the alternative-asset manager." (Bloomberg)
"Deutsche Lufthansa AG sold the remaining part of its airline catering business to private equity firm Aurelius Group as Germany’s flagship airline focuses on improving profitability of its core operations." (Bloomberg)
"Venture capital funding of start-ups has plunged by more than 50 per cent in the past 12 months, as an economic downturn weighs on valuations at nascent tech groups." (Financial Times) | 