OnNew Jersey State Investment Council chairman Robert Grady stepped down from his role following the council’s Nov. 19 meeting. The former Carlyle Group executive chaired the council during a four year period that featured a surge in the value of its private equity portfolio.
Top News & Analysis
The New York City Comptroller’s Office has named Alex Doñé, head of its private equity emerging managers program for the last two years, as chief of the almost $10 billion private equity program for the $158 billion city retirement system.
Vista Equity Partners, fresh off raising its biggest fund, has brought on a former Kohlberg Kravis Roberts investor relations executive to its growing IR team.
Siris Capital expects to secure 85 percent of the commitments to its latest flagship fund in a December first close, with a final close planned for January, according to Los Angeles County Employees Retirement Association documents.
Crestview Partners expects to hold a final close on its third flagship fund in January, according to South Carolina Retirement System Investment Commission documents.
Demand for up-and-coming small and middle-market fund sponsors has spiked this year, as several marquee limited partners push for more exposure to emerging managers.
With interest rates low, equity prices near all-time highs, and deal-making frothy across many sectors, distressed debt and turnaround specialist WL Ross & Co has a host of challenges plying its trade.
Goldman Sachs Group Inc is considering raising a new infrastructure fund, according to three people familiar with the matter, even as U.S. regulations threaten to reduce its profits from such endeavors.
Riverside Co’s exit of software and service company Navex Global in a sale to Vista Equity Partners marks the latest in a busy year of deals for the middle-market firm, which expects to buy and sell as many as 60 targets this year.
The University of Michigan Board of Regents re-upped with Roark Capital Group, committing $40 million to its fourth flagship fund, according to Nov. 20 meeting materials.
From the Editor
A new definition of middle-market funds established by the Association for Corporate Growth sets the stage for a more targeted lobbying effort to try to ease regulation seen as overly restrictive, such as a provision of Dodd-Frank preventing banks from committing money to most buyout funds. But by leaving some big firms behind, the effort poses the risk of giving the industry a less unified voice in Washington, D.C.
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