The New Jersey pension projects saving $120m in fees over the life of the partnership, in which the system will allocate capital to traditional Blackstone funds and customised accounts with ‘1% and 15%’ term structures.
A host of new challenges are expected to confront the private equity industry next year, but new sources of capital and opportunities in distressed investing could be highlights of 2012, according to an industry panel.
The Riverside Company, a firm with a strong roster of operational professionals, has pulled talent from American Capital to bolster its value-add approach.
Ken Springer, head of Corporate Resolutions, describes how 2011 has seen GPs ramp up their use of investigators to ensure compliance across the globe.
The move towards standardised reporting across the private equity industry has some industry voices wondering: how much is too much?
Succession has long been a tricky issue to deal with for private equity firms, but several groups have demonstrated in recent weeks that it need not be a painful process.
The bankrupt parent company of American Airlines had $389m-worth of unfunded exposure to private equity funds as of 31 December. It’s not clear if the company will continue to meet capital calls through bankruptcy proceedings.
Some of ILPA’s new directors include Brad Woolworth, head of private markets and real assets for the Philadelphia Board of Pensions and Retirement and Richard Hall, senior director of private markets at the Teachers Retirement System of Texas.
Portfolio companies of private equity firms in Asia are not performing as well as they could be, though regulation across the region is a lower level of concern, according to a new GP survey.
The global mid-market firm continues to bolster its operational ranks, adding Laswon Software head Harry Debes to its now 25-strong software and technology team.
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