Sam Sutton

A commitment to Incline Equity Partners III on Wednesday brought Pennsylvania State Employees’ Retirement System to its annual limit on commitments to alternative investment funds.

The deal, which eliminates the company’s bank debt, values Sir Philip Green’s fashion retailer at £2bn.

TowerBrook Investors IV has a $3.5bn hard-cap for investments through a variety of strategies, including distressed situations.

Thomas Haubenstricker and Steve Benevento explain why New York Life Capital Partners has changed its name to GoldPoint Partners.

CD&R senior operating adviser and former Tesco chief executive Terry Leahy will join the UK retailer's board as chairman.

Michael Williams led Fannie Mae through its government conservatorship following the US mortgage crisis.

The New Mexico State Investment Council invested $150m between new offerings from Nordic Capital and EnCap Investments.

Former General Atlantic managing director Marc McMorris joined with Exult chief executive Jim Madden to launch the tech-focused firm.

HarbourVest Partners’ latest secondaries vehicle is offering an average annual management fee of 0.81%, according to University of Houston documents.

Chicago-based healthcare specialist Beecken Petty O’Keefe & Company is targeting $400m for its latest flagship fund.