Chelsea Stevenson
The firm’s fifth North American-focused fund of funds had collected about $144m as of April.
Private equity has generated a median 10-year annualised return of 10% for US pensions, according to a PEGCC study which analyses the performance of 146 groups with $1bn or more invested in the asset class.
The investment marks Permira’s first deal from its fifth fund, which has been in the market since September 2011.
The $25bn pension committed $50m each to funds managed by Asia Alternatives, Bank of America Merrill Lynch, FSN Capital, and GTCR.
Washington DC-based DuSable Capital Management, founded by former members of US President Barack Obama’s re-election campaign, has raised more than $500m toward a $1bn target, according to SEC documents.
The $25bn pension committed $50m each to funds managed by Asia Alternatives, Bank of America Merrill Lynch, FSN Capital, and GTCR.
Washington DC-based DuSable Capital Management, founded by former members of US President Barack Obama’s re-election campaign, has raised more than $500 million toward a $1bn target, according to SEC documents.
The private funds group of TD Asset Management will transfer portfolio adviser responsibilities for the TD Private International Equity Fund to Epoch Investment Partners next month.
The firm will acquire a majority stake in The Ambassador Theatre Group in a deal that values the company at £350 million, according to a source familiar with the matter.
The firm received $703m in commitments to its tactical opportunities fund during the third quarter, while growing its private equity assets under management 25% to $62.6bn