Investor Commitments

Individuals in the US have increased their exposure to private equity between Q3 2015 and Q3 2016 more than other types of investors.

The US mid-market firm has amassed just over $1bn for the vehicle, which has already closed two deals.

The private equity firm will pay as much as $804m for the Swiss watchmaker as investors are given an 8 May deadline to commit to its seventh buyout fund.

The New York pension fund, which has almost 8% of its assets in private equity, renewed its contract with TorreyCove Capital Partners as its private equity consultant, effective 1 May.

The $24bn pension fund, which has 8% in private equity, plans to gradually increase its annual commitment pace to reach its 12% target by 2026.

The $20bn pension fund increased its annual expected commitment range to $425m-$475m for 2017 after raising its target allocation to 12% for private equity in June.

The country’s finance ministry will consider whether its $871bn Government Pension Fund Global can invest in the asset class via funds or directly.

Neuberger Berman offered management fees for this co-investment and fund investment-focused vehicle that were more favourable to New Jersey than the previous separate account.

Quantum Energy Partners’ previous fund closed on its $4.45bn hard-cap in July 2015.

The increase is part of the $11bn pension’s effort to meet its new long-term private equity target allocation of 8%.