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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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. […]

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Oregon Treasury committed $675 million to private equity funds in the past month, backing managers focused on Europe, financial services, energy and large global buyouts. The treasury, which manages the $75 billion Oregon Public Employees’ Retirement Fund and $28.9 billion in other state funds, is over its target allocation to PE. The pension fund has […]

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Emerging-manager fundraising slowed since the last roundup. Sixteen emerging managers raised $2.3 billion from April 10 through April 23, according to Buyouts data. A venture firm outraised all other firms. Drive Capital raised $558 million across two funds. Its third flagship brought in $307 million while its first overdrive fund raised $250.8 million. Private equity […]

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New York State Teachers Retirement System committed more than $1.2 billion in private equity commitments during the first quarter, according to minutes from its April meeting. The system ended the quarter with 233 partnerships and $22 billion in active commitments, as of March 31, 2019. First-quarter commitments to relationships included: $150 million to Nautic Partners’ […]

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Equality Asset Management, formed by ex-Summit Partners executives, is targeting $500 million for its debut fund, which will come with an interesting term: a 5 percent hard hurdle, two sources with knowledge of the firm told Buyouts. Fund I, which is expected to hold investments longer than traditional PE funds, also will have a management […]