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.
.jpg "High Road Capital hires partner from Riverside")
Kristin Newhall, formerly a partner at The Riverside Company, will fill a new position at High Road overseeing investor relations and administration, including human resources responsibilities.
The retirement system said it is restructuring and rebalancing its private equity programme, including upping its focus on customised investment accounts and co-investments. As part of this effort, it has already reduced its number of GPs from 132 to 100.
.jpg "ArchiMed acquires Deallus majority stake")
The acquisition is ArchiMed’s fifth and follows its purchase of MediStream, RehabWorks, Right Corecare and Primo Group. The firm is reviewing possible add-on buys.
Ridgemont Equity Partners II is larger than its $735m predecessor, but will follow the same strategy as REP I seeking buyout and growth equity investments of $25m-$100m in sectors including energy, healthcare, TMT and basic industries and services.
.jpg "Stifel enters fundraising business via Eaton acquisition")
The financial services company will acquire 100% of Eaton Partners and use its retail and high net worth distribution platforms to support some of the alternative funds Eaton raises.
Bain Capital principal Jeff Schwartz tells Private Equity International that the firm’s decision to build the QuVa Pharma platform that manufactures sterile pharmaceutical products for hospitals, was a response to changes to FDA regulation.
The Institutional Limited Partners Association has appointed Ontario Teachers’ Pension Plan director of global funds and private capital Tanya Carmichael as the new chair of its board of directors. “We are at a pivotal juncture in the development of our industry, and ILPA is well-positioned to provide leadership in efforts to strengthen the asset class,” Carmichael said.
The Canadian firm’s Firethorn fund is the first in a series that will take commitments from individual investors, family offices and smaller institutional investors.
The AMG Pantheon Fund is “designed to be a one-stop shopping experience for the individual investor who can put up as little as $25,000,” Pantheon MD Kevin Albert said. The fund's portfolio will be composed of investments in primaries, secondaries and co-investments across geographies, managers, sectors, stages and vintages.
(1).jpg "Dry powder soars as buyout activity drops, finds study")
Private equity buyouts have declined as a proportion of M&A activity for the third consecutive year, despite almost $500bn waiting to be invested, according to a report by S&P Capital IQ.