The US firm has closed its third, tech-focussed buyout fund slightly below its $10 billion target, but it is more than double the size of its predecessor vehicle.
The state’s employee retirement system last year enjoyed above-average returns for large US public pensions, thanks in part to its top performing asset classes such as real estate and private equity.
Lawrence Jackson, the former Wal-Mart president and chief executive officer for global procurement, has been appointed to the industrial property investor’s board of trustees.
The energy-focussed US firm has surpassed the target for its ninth buyout fund by $1 billion and launched a London office to support its investment activities.
The Middle Eastern firm is rolling out its regional presence with a new vehicle to target deals in Saudi Arabia. It is building a team now.
In spite of the credit crunch, the global mega funds took centre stage in the Private Equity International Awards 2007. Mid-market resilience also found favour with voters in the only truly democratic private equity awards.
John Slade, head of international investments for the global real estate advisory firm, believes emerging markets ‘are not going to be halted in their tracks’ by a slowdown in the US.
The San Francisco-based firm has expanded its investment in the US multifamily sector and in the process helped a Hawaii housing development stay affordable.
Ohio-based Legacy Capital Partners will pursue holding periods of as long as 15 years.
The Canada Pension Plan Investment Board reveals expansion plans for Asian real estate just as it announces a joint investment of $400m in a new China fund with Ontario pension fund.
The state’s public safety personnel pension has also approved new advisory contracts with ORG, StepStone and Capital Dynamics and announced $125 million in commitments to real estate and infrastructure funds.
If the buyout boom has gone bust, why are GPs seeking some $615 billion in fresh powder? asks Amanda Janis.
Two years after closing a $180 million fund shy of its target, the Hong Kong-headquartered firm’s fourth fund has closed above target at its hard cap.
The PCG spin-out has hired another ex-PCG executive, Stephen Moseley, who will establish the advisory group’s New York office and lead co-investment activities.
The Sam Zell-led firm has closed its largest-ever fund.