Rhode Island invests $75 mln in Clearlake Capital and Eureka EquityPosted: 05/31/2019 |
Subscription Required Rhode Island State Investment Commission at its May 29 meeting approved $75 million in private equity commitments spanning the healthcare and technology sectors, the system’s director of communications, Evan England, told Active LPs. The commission pledged $30 million to Clearlake Capital Group’s Opportunities Fund II, targeting $1 billion. The fund will focus on middle-market companies […] | | Read more... | |
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Family Office Association still advertising Tony Robbins event amid furorPosted: 05/30/2019 |
Subscription Required The Family Office Association appears to be going forward with an event headlined by self-help guru Tony Robbins, despite a series of Buzzfeed stories saying former fans and employees alleged verbal abuse and sexual harassment. The event, also sponsored by Dibico Construction, is scheduled for Aug. 13-14 in Santa Monica, California. Peter Mallouk, owner and chief executive of Creative Planning […] | | Read more... | |
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Alameda County commits $60 mln to Great Hill Equity VIIPosted: 05/30/2019 |
Subscription Required Alameda County Employees’ Retirement Association backed Great Hill Partners’ latest flagship, the minutes of the pension’s May 15 meeting show. ACERA approved a $60 million commitment to Great Hill Equity Partners VII, which focuses on expanding, recapitalizing or acquiring mid-market growth companies. It targets sectors like business and consumer services, healthcare, media, communications and software. […] | | Read more... | |
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Two family offices, Fortune 400 institutional investor take LPs stakes in Halpern OZ fundPosted: 05/30/2019 |
Subscription Required Halpern Real Estate Ventures last month closed on almost $30 million to its first opportunity zone fund. Its investors include a major institutional investor, two multibillion-dollar family offices and several other high-net-worth and ultra-high-net-worth investors, the company told Active LPs. “We’re very proud of our first close,” said Jon Halpern, HREV’s founder, managing partner and […] | | Read more... | |
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Alaska Permanent approves $1.6 bln PE pacing plan, weighs secondary salePosted: 05/29/2019 |
Subscription Required Alaska Permanent Fund Corp plans to commit $1.6 billion to private equity funds in fiscal 2020, although it has room to invest more if it goes through with secondary sales or sees opportunities that are too good to pass up. The $1.6 billion pacing target is the same level that the $65 billion fund set for […] | | Read more... | |
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New Mexico ERB backs SV Health, Ecosystem Investment PartnersPosted: 05/29/2019 |
Subscription Required New Mexico Educational Retirement Board pledged $280 million to private equity funds at its May 23 board meeting. The Investment Committee committed: $50 million to Ecosystem Investment Partners’ fourth fund, which focuses on ecological restoration and conservation. New Mexico previously committed to its previous funds; $35 million to SV Health Investors’ SV7 Growth Fund and […] | | Read more... | |
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Pritzker Private Capital works to push growth in healthcarePosted: 05/28/2019 |
Subscription Required Michael Dal Bello, a Pritzker Private Capital investment partner focused on healthcare, sees further growth for portfolio company PathGroup, which in May acquired Dallas-based Pathologists Bio-Medical Laboratories. “We’ve got a couple new things that we’re working on as we speak,” Dal Bello told Active LPs. “As long as it’s a good cultural fit and we’re all aligned, we would like […] | | Read more... | |
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Washington State’s CIO to retire after 18-year tenurePosted: 05/28/2019 |
Subscription Required Gary Bruebaker, who has been Washington State Investment Board’s CIO since 2001, will retire at year-end after 18 years. WSIB, which manages $104 billion in state pension funds and about $30 billion in other assets, has aggressively allocated to PE. It has a 23 percent target to private equity and a PE portfolio valued at […] | | Read more... | |
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Connecticut considers $75 mln commitment to ClearlakePosted: 05/28/2019 |
Subscription Required Connecticut Office of the State Treasurer said at its May meeting that it was considering backing Clearlake Capital Group’s latest flagship fund. The system may make a $75 million commitment to Clearlake Opportunities Partner II fund, which makes opportunistic credit investments in North American middle-market companies and focuses on structured and distressed equity. State Treasurer Shawn […] | | Read more... | |
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Fresh Profile: Foundation Holdings targets FOs, HNWs for GCC, India-focused investmentsPosted: 05/24/2019 |
Subscription Required Abhishek Sharma, founder and CEO of Foundation Holdings, the Dubai investment firm focused on the GCC region and India, sees the 2008 financial crisis as a learning experience for family offices in the region. “It created a severe dent in the trust across the entire system,” Sharma wrote to Active LPs in response to questions. […] | | Read more... | |
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