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Washington State Investment Board’s private markets committee at its April meeting recommended up to $200 million to Searchlight Capital’s third fund, documents show. Searchlight Capital Fund III focuses on middle-market companies in IT, communication services and consumer discretionary in North America and Western Europe. The pool’s target size is $2.75 billion with a $3.25 billion […]

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After a busy finish to 2018, New York State Common Retirement Fund took a more moderate approach to PE pacing in the first two months of 2019. The $207 billion fund committed a total of $6.3 billion to private equity in 2018, closing the year with more than $1.1 billion in commitments to PE funds […]

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OMERS Growth Equity, the growth equity arm of C$97 billion ($73 billion) Canadian pension fund OMERS, is looking to invest in mid-stage companies poised to reshape traditional sectors. OGE, led by Head of Growth Equity Mark Shulgan, hired in 2018 from Canada Pension Plan Investment Board, launched this year as a third pillar of OMERS […]

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Institutional investors love PE and say small funds and emerging markets managers present the best opportunity today. That’s according to a Commonfund survey, which included 200 investors from endowments, foundations and public pensions. Responses came in March at the 21st annual Commonfund Forum. The survey showed 31 percent of respondents felt emerging markets represented the best […]

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Teacher Retirement System of Texas committed more than $700 million to private equity in March, with Blackstone Group taking home most of the new commitment dollars. The $154 billion retirement system committed $600 million to Blackstone Capital Partners VIII, a megafund that has attracted large commitments from the retirement systems of Oregon and Massachusetts, among others. Bloomberg […]

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Rhode Island State Investment Commission at its March meeting committed $60 million to Advent International’s ninth global private equity fund, pension documents showed. Advent International focuses on healthcare; industrial; business and financial services; retail, consumer and leisure; and technology, media and telecommunications in North America and Europe. GPE IX is targeting $17.5 billion, according to […]

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Montana Board of Investment at its April meeting made a commitment to a Silicon Valley-based Foundation Capital’s ninth fund. Montana pledged $20 million to Foundation’s Fund IX, which focuses on technology markets, a person familiar with the deal told Buyouts. The fund is targeting $350 million, according to an SEC filing. Foundation closed Fund VIII […]

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Illinois Municipal Retirement Fund at its March meeting committed heavily to funds from Inflexion Private Equity, which target the lower mid-market in the U.K. IMRF pledged £70 million ($92 million) to Inflexion’s Enterprise Fund V and Supplemental Fund V. It also committed £150 million ($197 million) to Inflexion Strategic Partners. It’s not clear how much […]

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Orange County Employees Retirement System set its 2019 private equity pacing plan at its March meeting, increasing its target allocation from the previous year. In a memo to the investment committee, Molly Murphy, OCERS’s chief investment officer, recommended that the board commit $400 million to $450 million in private equity for the year to stay […]

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Emerging managers are keeping up their pace in the strong fundraising environment that appears to be welcoming to newer shops. Seventeen emerging managers raised more than $2.4 billion from the time period of March 13 through March 26, according to Buyouts data. ATL Partners outraised all firms with $475 million for Fund II. The firm […]