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Rhode Island State Investment Commission at its Dec. 12 meeting re-upped $50 million to Nautic Partners’ ninth fund, targeting $1.25 billion. The re-up is substantially larger than its commitments to previous Nautic funds. The commission committed $20 million to each of Nautic’s fifth, sixth, seventh and eighth funds. “That’s the amount we have been commuting […]

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Public pensions tracked by Active LPs committed more than $2.3 billion to private equity funds during the fourth quarter of 2018. Florida State Board of Administration led the way, committing the most to private equity in the fourth quarter, according to our tallies. It committed $550 million across three funds: Hellman & Friedman IX, Gallatin […]

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Illinois Municipal Retirement Fund at its Dec. 14 meeting re-upped $75 million to Baring Private Equity Asia’s seventh fund, targeting $5.5 billion. The pension system had committed $75 million to Baring’s sixth fund, which raised $3.9 billion in 2014. Baring invests in middle and large company buyouts in Asia. Its sixth fund will invest $300 […]

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Family offices invest in emerging managers because they see greater opportunity to build meaningful relationships. “Ours is not the family office to come to if you are KKR or TPG,” said Forrest Tempel, partner at Reynolds Capital Partners, who spoke on a family office panel at Buyouts Insider’s PartnerConnect Texas conference Dec. 12. Reynolds Capital invests $1 million to $20 million and could be […]

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Pennsylvania Public School Employees’ Retirement System is backing a billionaire who formed a holding company to invest in growing businesses. The system committed $100 million to Thomas Tull’s Tulco, which is targeting $150 million in its second funding round to make four to six investments. The holding company raised $36.5 million for its second funding round, which launched in July. This […]

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Teacher Retirement System of Texas hopes a $1 billion mandate will help promising GPs graduate from its emerging-manager program and transition into the regular portfolio. The pension fund has not yet committed to any managers out of the new program, called Emerging Managers Select, CIO Jerry Albright said during a keynote address at Buyouts Insider’s PartnerConnect […]

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Canada Pension Plan Investment Board, the world’s biggest institutional investor in private equity, is reorganizing its program to access a broader set of PE opportunities in a challenging market environment. The initiative was set in motion nine months ago, when Senior Managing Director Shane Feeney was appointed global head of PE. Feeney’s job, a new […]

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Once shunned, the independent sponsor space is flush with money. But investors and GPs have some words of advice: Tread carefully. “There’s a lot of people throwing money at the independent sponsor” sector, said Nicholas Stone, a principal with Cyprium Partners, who spoke on a panel at Buyouts Insider’s PartnerConnect Texas conference. “It’s a disaster […]

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PPC Partners was formed in February as the exclusive acquirer of middle-market companies for Pritzker Group Private Capital. Led by Tony Pritzker, president and CEO, and Paul Carbone, president and managing partner, PPC Partners has made two acquisitions and several add-ons since inception. Carbone spoke with ActiveLPs. How did the idea of PPC Partners originate? […]

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Pennsylvania Public School Employees’ Retirement System committed $150 million to Lindsay Goldberg’s fifth fund, which is targeting $4 billion. The system last committed $300 million to the New York private equity firm’s first fund, Lindsay Goldberg & Bessemer’s Fund I, in 2001. Lindsay Goldberg makes control investments in middle-market family-owned or entrepreneur-led companies in industrial, services, healthcare […]