Graham Winfrey
Roughly 12 years after purchasing a minority stake in Carlyle’s management company, CalPERS plans to exit its investment in the fund manager via a Carlyle secondary offering.
The mid-market firm is targeting $300m for its Fund II, well above the $180m it collected for its debut vehicle in 2009.
The Private Equity Group is nearing the $780m it raised for secondaries in 2009.
An appeals court has ordered a new trial in the 2010 case that saw Terra Firma founder Guy Hands sue Citigroup over Terra Firma’s 2007 investment in EMI.
The $12bn system is reviewing a new strategic plan that could see LACERS invest more in distressed debt and consider secondary sales of non-core investments.
Capital abounds for private equity deals of all sizes in North America, but new M&A has yet to take off
The former director of the CIA will work alongside KKR’s head of public affairs and head of asset allocation on both public policy issues and portfolio company due diligence.
The mid-market firm exceeded its $600m target after more than a year in market and has invested roughly 20% of the fund in three investments.
The $16.5bn system plans to commit around $450m to private equity in 2013.
The New York-based firm surpassed its $2.4bn target and will invest up to 40% of the fund outside of the US.