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.
The fund, targeted at $75 million, follows Funds A and B from 2014.
The firm made the promotions as part of its efforts to grow its later-stage software investments.
The vehicle will be invested in mid-sized companies across various sectors in the country.
The fund will make investments between $10m and $30m in up to seven companies.
SCRS director of operations and operational due diligence Andrew Chernick and executive director Michael Hitchcock tell Private Equity International that the system had the data points to hand for its performance benchmarking exercise, but that is not the norm.
Fee standardisation advocates expect the reported cost of investments to rise in future, which may force some LPs to change their approach to private equity.
The treasury allocates 4.7 percent, or $4.2 billion, to private equity as of 30 June, short of its 6 percent target.
The Canadian pension fund’s head of private equity Mark Redman tells PEI that, in the ongoing fee debate, institutions shouldn’t be surprised by carried interest payments.
The Kentucky pension system said the jump in its investment expenses this fiscal year compared to last year was due to change in accounting methodology.
.jpg "TorQuest realises investment in Pinova")
The Canadian PE firm will sell Pinova to Symrise for $417 million.