Sam Sutton
You’ll probably be familiar with Peter Thiel, the legendary German-born Silicon Valley investor who recently launched a new growth equity firm called Mithril Capital Management.
A recent SEC filing shows that Goldman Sachs has at least $1.2bn for the latest in its Vintage Fund series, which have typically focused on secondary assets.
The fund will invest in second-tier Russian banks in an effort to improve economic stability and strengthen the region’s banking industry.
Institutional Venture Partners has closed the largest fund in its 32 year history on $1bn, attracting substantial interest from existing limited partners.
Coller Capital will manage the $9.3bn state workers retirement system’s $100m mandate to buy assets on the secondaries market.
Recent fund presentation documents indicate the firm is close to reaching the $800m target for its third fund of funds.
The $10.6bn School Employees Retirement System of Ohio plans to continue the process of building up its private equity portfolio in the next fiscal year, and may explore co-investment opportunities.
The industry group found that private equity indices and public pension portfolios consistently outperformed annualised S&P 500 returns in one, five and 10-year time horizons.
In addition to commitments to Blue Point Capital Partners III and Catterton Partners VII, the $49.7bn retirement system also re-upped $200m to LLR Equity Partners IV.
The Washington State Investment Board re-upped almost $800m to two of its more established fund managers: Advent International and Nordic Capital.