Sam Sutton

Advent International and Oaktree Capital Management are two of the firms that drummed up commitments from the Tennessee Consolidated Retirement System.

The retirement system’s $21bn private equity portfolio generated a 5.9% return last fiscal year, outperforming its overall portfolio by 4.1%.

With the private equity industry embroiled by the controversy surrounding the US presidential election, PEGCC chief Steve Judge sees an opportunity to educate the media and public.

Summit Partners is less than $33m away from a $350m target on its credit fund, which launched last year.

Former Credit Suisse Asset Management executive Mark Bourgeois will replace Atlantic-Pacific Capital’s founder, James Manley, as CEO. Manley (pictured) will remain chairman.

Senior portfolio manager Anne Simpson voiced CalPERS’ support for the rule, which limits banks’ ability to participate in private equity.

First Round has never, to its knowledge, spawned another smaller but equally perfectly formed magazine intro section. But it is fully prepared to accept that parents tend to look at their offspring through rose-tinted glasses.

The firm has offered to acquire German-coffee machine company WMF for €47 per share, a 24% premium on WMF’s 5 July closing price.

A little more than a year after its blockbuster exit from Skype, Silver Lake has launched its fourth fund targeting $7.5bn.

The Ohio Police & Fire Pension Fund committed $35m to Advent’s seventh flagship fund, which will target investments in North America and Europe.