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.
Subscription credit lines can artificially boost IRRs, private equity advisor TorreyCove says in a report.
.jpg "RueOne launches to invest deal-by-deal in PE, RE, debt")
RueOne founder Jeff Baehr identified a need for accredited investors to make direct, deal-by-deal investments after seeing flaws with traditional comingled funds.
The Canadian firm closed its latest fund, Penfund Capital Fund V, on C$724m, above both its C$525m target and its predecessor, Penfund Capital Fund IV, which closed four years ago on C$460m.
The Orange County Employees Retirement System, which commits 5.2% of its $12.5bn fund to private equity, expects to issue an RFP by mid-November.
The $6.1bn university endowment’s investment office, which has more than a quarter of its assets in private equity, is considering a move to the Big Apple to source better candidates for its 20-person team.
.jpg "Proskauer hires PE partner in New York – Exclusive")
The law firm continues its hiring spree, after appointing two new partners in its London office last month.
.jpg "Blackstone’s Baratta: Avoid over-allocating to 2016 funds")
The alternative assets giant's global head of private equity said it is a 'treacherous' time for investors, who face soaring asset prices and low returns, and warned LPs not to repeat the pre-crisis mistake of over-committing capital to the sector.
The growth equity firm expects to begin deploying capital from FTV V after fully deploying FTV IV, which is 85% invested.
Chicago-based growth equity firm GTCR promoted two to managing director and one to principal.
Thomas Carella, who retired in April from Goldman Sachs’s merchant banking division, where he was a partner, will be responsible for healthcare investing as Warburg’s partner and managing director.