Assets under management at KKR up for quarter, down year-over-year
By Arleen Jacobius November 19, 2009KKR & Co. reported total assets under management of $54.8 billion as of Sept. 30, up 7.9% from $50.8 billion as of June 30 but down 5% from $58 billion at the end of the 2008 third quarter.
North Carolina eyes in-state private equity investment
By Doug Halonen November 19, 2009North Carolina Retirement Systems, Raleigh, issued an RFP for a private equity manager to run up to $250 million in an economically targeted fund for “investment opportunities with significant...
Insurers feel pinch on funding alternative commitments
By Arleen Jacobius November 18, 2009Insurance companies had less cash available to make capital calls by their alternative investment managers in the third quarter than at the same time in 2008, but they still had more liquid assets to pay unfunded commitments than other institutions, according to NYPPEX Private Markets.
Tennessee assigns $25 million to Draper Fisher fund
By Christine Williamson November 18, 2009Tennessee Consolidated Retirement System, Nashville, committed $25 million to Draper Fisher Jurvetson Fund X, according to Lamar Villere, director of private equity. The commitment is the...
Maryland on lookout for private equity, real estate consultants
By Doug Halonen November 17, 2009Maryland State Retirement and Pension System, Baltimore, issued RFIs for private equity and real estate consultants, said Robert Burd, the $32 billion system's managing director.The contract with ...
Here's why buyout firms are flooding IPO market
By Arleen Jacobius November 16, 2009Private equity firms are dolling up companies for initial public offering as a way of easing the $1 trillion of buyout debt weighing down their portfolios.
Toigo, Carlyle join forces on private equity job education fellowship
November 16, 2009Minority MBA students nearing graduation have a few more weeks to apply for a new training program by the Robert Toigo Foundation that aims to provide entry into the private equity industry.
TPG sponsors fellowship for minority investment analysts
November 16, 2009TPG is the first sponsor of a new Alternative Investment Fellowship Program for the New York-based non-profit Sponsors for Educational Opportunity.
Private equity investors gaining negotiating power
By Arleen Jacobius November 16, 2009The balance of power is shifting in private equity investment negotiations. With billions in dollars of commitments at stake, investors are playing hardball, using new sets of best practices as their playbooks.
Arizona Public Safety commits to 2, hires 1
By Timothy Inklebarger October 29, 2009Arizona Public Safety Personnel Retirement System, Phoenix, committed up to $80 million to StepStone to manage in secondary private equity and venture capital, and $40 million to Stone...
Orange County plans to commit to Adams Street program
By Arleen Jacobius October 20, 2009Orange County Employees Retirement System, Santa Ana, Calif., tentatively committed $50 million to the Adams Street Partnership fund program 2010, subject to legal review and a meeting with Adams...
Preqin: 81% make no new infrastructure commitments
By Arleen Jacobius October 19, 2009Eighty-one percent of investors surveyed by Preqin have not made any new commitments to infrastructure funds as of early October.Fourteen percent invested in one fund and 5% invested in more than ...
L.A. Fire & Police commit to Angeleno III
By Arleen Jacobius October 19, 2009Los Angeles Fire & Police Pension System committed $10 million to venture capital fund Angeleno Investors III, said Michael A. Perez, general manager of the $12.58 billion system.Angeleno...
Oregon commits $500 million to Fisher Lynch II
By Arleen Jacobius October 16, 2009Oregon Investment Council, Tigard, which oversees the $42 billion Oregon Public Employees Retirement Fund, Salem, committed $500 million to the Fisher Lynch Co-Investment Partnership II, said...
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