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John “Jay” Jordan’s family office has changed its strategy to focus on private equity, venture and real estate. Chief Investment Officer Clay Drury is also leaving the family office, multiple sources confirmed. Jordan founded the middle-market PE firm Jordan Co in 1982. The PE firm buys and invests in middle-market companies with enterprise values between $100 […]

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When Lloyd Capital Partners & Phi Group co-invested in Turning Earth, a food composting company, it didn’t anticipate the challenge of follow-on investing to continue growing the company, said Joshua Roach, chief investment officer of the family office. Lloyd Capital, which invests the fortune of Chicago-based Lloyd family that owned the Chicago Tribune before it went public in […]

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Jay Haladay may have officially retired, but he continues to direct investments and strategies of his 10Branch family office in early-stage technology, real estate and wineries. Haladay, who started his career with IBM, founded Viewpoint Construction Software in 1990. Viewpoint’s software helped construction contractors run their businesses and manage large projects. The company grew revenue to $85 million in 2013 from […]

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San Francisco Employees’ Retirement System in August and September made $126 million in private equity commitments, targeting growth and venture capital strategies. SFERS, which has $24.3 billion in assets, invested in three GGV funds, two Level Equity funds and one Polaris Partners fund, a report CIO William Coaker prepared for the system’s Sept. 12 meeting shows. […]

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The $3.7 billion San Jose Police and Fire Pension Plan, hoping to leverage its access to data about new and promising companies in its backyard, is exploring a new venture-capital strategy that would make very-early-stage investments in Silicon Valley startups. The system has brought on Stanford Professor Ashby Monk to help it design a program […]

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Caisse de Depot et placement du Quebec is selling a portfolio of private equity fund stakes valued at about $1.7 billion, sources told Buyouts. Greenhill Cogent is adviser on the transaction, sources said. The offering is relatively fresh on the market, sources said. Caisse did not respond to requests for comment, and a spokesman for […]

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In the frothy environment, even small-to-midsized deals are more expensive, potentially hurting the expected outperformance of smaller funds. That’s the upshot of a Hamilton Lane paper, “What’s Top of Mind For Today’s LP,” by Mike Koenig, chief client officer. Small and midsized funds have been strong performers, the study said. But such funds transacted at higher […]

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Orange County Employees Retirement System committed $50 million to GGV Capital, bringing its total PE commitments to $200 million year to date. The $15.9 billion pension system committed $40 million to GGV’s seventh fund, which is targeting $800 million with a hard cap of $1.36 billion. It also committed $10 million to GGV’s VII-plus fund, targeting $200 million […]

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Jeffrey Stevenson, head of Veronis Suhler Stevenson, and the firm settled with the SEC over lack of disclosure of rising valuations on assets he purchased in a secondary transaction out of one of the firm’s older funds. Stevenson and VSS failed to inform selling LPs that the value of the fund in which they were considering […]

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San Bernardino County Employees’ Retirement Association committed $35 million to Waterfall Asset Management’s debut private equity fund that will invest in middle-market financial services companies. It is unclear how much Waterfall’s debut Sentinel Fund is targeting. Waterfall, with $7 billion in assets, built its expertise in structured credit and loan products. Waterfall hired Gene Weil […]