Chelsea Stevenson
The Washington State Investment Board approved commitments to EIG Global Energy Partners and Technology Crossover Ventures.
The combined value of US investments rose for the second consecutive quarter in Q3, while exit values experienced a 28% quarterly decline.
Former CIA chief technology officer Gus Hunt has joined the firm as operating partner.
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The $26bn pension committed $50m to Altaris Capital Partners and $75m to Yucaipa Alliance Management.
Hamilton Lane’s head of secondaries on the market rebound in 2013.
The Connecticut-based fund of funds is targeting $1bn for its Secondary Fund II.
The board made an additional commitment of $5m to White Deer Energy’s Fund II after committing $20m in January.
The listed Toronto-based PE firm is targeting $4.5bn for its fourth fund.
The firms have sold Minnesota-based downstream energy company Northern Tier Energy, which they formed in 2010, for $775m.
Katie Ossman left Avista Capital Partners in September and will work on sourcing new opportunities for Water Street’s $750m Fund III.