Emerging Manager Roundup: InTandem, Loyal Valley, Ellington, Bluebird and morePosted: 06/20/2019 |
Subscription Required Fundraising continued at a modest pace for emerging managers. Eighteen emerging managers raised more than $1.3 billion from June 5 through June 18, according to Buyouts data. InTandem raised the most. The New York-based firm’s sophomore fund raised $250 million. The firm focuses on companies in healthcare and insurance services. Loyal Valley Capital was second […] | | Read more... | |
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San Francisco co-invests $25 mln alongside PatriaPosted: 06/20/2019 |
Subscription Required San Francisco Employees’ Retirement System closed a $25 million co-investment with Brazil-focused Patria Investments earlier this year, according to a June 12 investment memo from Chief Investment Officer William Coaker. The system recommended investing in Brazilian Private Equity Fund V (Ontario) Co-Invest Smartfit A in January, according to meeting minutes. The deal is SFERS’s first […] | | Read more... | |
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Alameda County commits $33 mln to Altas PartnersPosted: 06/18/2019 |
Subscription Required Alameda County Employees’ Retirement Association recommended backing Altas Partners second long-life fund that is targeting $2.5 billion, according to minutes from its June 12 meeting. The system’s board is considering a $33 million commitment to Altas Partners Holding II. The company focuses on” high-quality businesses” that have good cash flow and “minimal risk of obsolescence,” according […] | | Read more... | |
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Cresset, Hines unveil Denver OZ projectPosted: 06/18/2019 |
Subscription Required Cresset Capital and real estate firm Hines announced their newest opportunity zone investment Tuesday, a 10-story multi-family development on the northern edge of Denver’s River North neighborhood, known as RiNo. The development, North Wynkoop, will include 392 “luxury urban-style residences,” according to a Cresset press release. It is the second investment for the Cresset-Diversified QOZ […] | | Read more... | |
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Maine PERS pledges $165 mln in PE commitmentsPosted: 06/17/2019 |
Subscription Required Maine Public Employees Retirement System committed $165 million to private equity and private credit funds at its June meeting, according to Chief Investment Officer Andrew Sawyer. The system committed up to $50 million to Solar Capital Partners’ Private Corporate Lending Fund and $50 million to SCP Cayman SF Debt Master Fund. Solar Capital Partners is […] | | Read more... | |
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Bonderman family office Wildcat finds opportunity in fertilityPosted: 06/17/2019 |
Subscription Required Wildcat Capital Management’s decision last week to make a growth equity investment in California-based Spring Fertility did not come lightly. “It took us a long time,” Drew Tarlow, Wildcat’s principal, told Active LPs. Wildcat is the family office investing the wealth of David Bonderman, chairman and founding partner of private equity powerhouse TPG. Wildcat has […] | | Read more... | |
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Investors work to find true benefit of opportunity zone dealsPosted: 06/14/2019 |
Subscription Required Despite the buzz, some investment professionals remain cautious on opportunity zones, even as the first major deadline for investors to drop their capital gains into a fund looms. “We have looked at a lot of opportunity zone funds, and we haven’t been compelled by most of them,” Kevin Philip, a managing director at Bel Air […] | | Read more... | |
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Fresh Profile: Independent sponsor Borgman Capital eyes midwest industrialsPosted: 06/13/2019 |
Subscription Required Sequoya Borgman was no stranger to the world of private equity before he formed Borgman Capital, a Milwaukee-based independent sponsor, in 2017. He spent 20 years as a certified public accountant at some of the largest accounting firms, including Deloitte and KPMG, helping private equity firms with their acquisitions. “After doing it on that side […] | | Read more... | |
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Fresh Profile: Independent sponsor Altacrest finds success through e-commercePosted: 06/12/2019 |
Subscription Required Tim Laczkowski is taking the skills he learned after working 15 years at Prudential Capital Group and using them in buying and growing lower middle market businesses. Laczkowski formed independent sponsor Altacrest Capital in 2017 to invest in consumer products and business-to-business services. “PCG prepared us well to pursue our strategy of growing lower middle […] | | Read more... | |
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Investors explore crucial aspect of OZ investments: gaining community buy-inPosted: 06/10/2019 |
Subscription Required When Grey Dodge and Erin Gillespie were working in the Florida state government, it was their job to select which of the state’s census tracts would become opportunity zones, offering a series of tax breaks to investors who put their money into real estate or businesses within those zones. As Governor Rick Scott’s time as […] | | Read more... | |
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