Sam Sutton
Former Goya Foods executive Andy Unanue has launched a firm targeting small and mid-market opportunities within the US Hispanic community.
Following a $20m commitment from the Nebraska Investment Council, the technology-focused fund, targeting $700m, will likely close before May.
Among the $12.3bn pension’s four commitments was a $30m allocation to Coller Capital’s $5bn sixth fund, which is expected to hold a final close soon.
Managing partner Lee Mitchell attributed LPs' strong reception to Fund X to Thoma Bravo’s performance on previous funds.
The Virginia Retirement System engaged the secondary market as a buyer for the first time in 2011, purchasing three commitments for $100m.
KPERS carved out a separate private equity allocation in 2007 and has been slowly working to build exposure to the asset class. At a time when many other US public pensions are trimming back their portfolios, Kansas has room to grow.
A NACUBO-Commonfund study finds that alternative strategies averaged 14.1% returns for US colleges and universities in FY 2011.
Michael Moran has announced that he is transitioning out of the firm he helped found in 1998. He will remain active with funds currently under management.
Investments in MF Global, Shinsei, Hypo Real Estate and Nordbank will likely leave LPs in JC Flowers’ $7bn Fund II with losses.
The Carlyle Group co-founder David Rubenstein expressed frustration with the perception that private equity leaders ‘cheat’ on their taxes.