Annabelle Ju
Based in New York, Annabelle Ju covers North American institutional investors and fund regulation as the US Private Equity Reporter for Private Equity International and private funds management. She previously reported on market structure at Bloomberg and obtained her Master of Science degree from Medill School of Journalism at Northwestern University.
After its director of PE, Greg Kulka, retired at the end of 2016, SIC hired from within to name an acting director.
The firm has partnered with wealth advisor and investor Veritable to launch Archean Capital Partners, which will seek to provide initial funding for private funds.
.jpg?id=12885345832 "L Catterton makes first investment out of new fund")
Singapore’s sovereign wealth fund GIC also co-invested alongside L Catterton in pool and spa retailer Leslie’s Holdings, which CVC originally bought in 2010.
The lower mid-market firm expects its fourth fund to be fully deployed by the first quarter of 2018, and anticipates a Fund V launch in the fourth quarter of 2017.
The seventh Asia-focused fund, which is targeting $4.5bn, secured a $100m re-up commitment from New Mexico State Investment Council.
The evergreen fund manager in Dallas has promoted five investment professionals and added three people to its team.
.jpg "PEI: PE fundraising continued uptick in 2016")
The 10 largest fund closes last year raised $92bn, surpassing the $86bn in 2015 and showing the asset class continues to attract capital in a low-growth environment.
In the fiscal year ended 30 June, the US’s largest pension fund saw a drop in its PE portfolio performance – both compared with the previous year and with its benchmark.
The California-based firm has expanded its investment and business development capacities as Fund III, which closed in December, prepares to deploy capital this spring.
The New York-based firm has promoted four principals to partner, following an operating team expansion throughout 2016.