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Investcorp plans first US institutional fund

The firm has been co-investing with large institutions and raising capital on a deal-by-deal basis in private equity in the US until now.

NJ’s private equity programme emerges from uncertainty

Governor Phil Murphy’s anti-private equity rhetoric during his campaign triggered a hold on commitment but the state’s pension system wants to re-establish its standing.

CD&R initiates third leadership transition

Nate Sleeper will take over from Donald Gogel as chief executive on 1 January, with David Novak and Rick Schnall becoming co-presidents.

LPs boost 2019 PE allocations to accommodate choice funds

Employees’ Retirement System of Texas and Teachers’ Retirement System of Louisiana are already over-allocated to private equity.

PSERS postpones vote on US buyout fund over ESG concerns

Advocacy groups raised concerns with the US pension about Platinum Equity portfolio company Securus, which manages inmate phone systems for state prison systems.

How Rhode Island plans to use secondaries to boost its PE exposure

PEI speaks with senior investment officer Jonathan Popielarski about the types of fund stakes the US pension wants to buy so it can hit its 11% target allocation.

Three things you should know about CalPERS’ new PE head

Greg Ruiz, a former Goldman Sachs exec, will rely on his GP experience to help the US's biggest public pension push into direct investing.

IFC: Technology gains boost EM investments

Sectors that have benefited the most from tech include logistics, cold storage, consumer branding, healthcare and fintech, according to the IFC's global head and chief investment officer for private equity funds, Maria Kozloski.

CalSTRS GPs divided over fee disclosure

The pension has to ask funds it invested in before 2017 if it can make their fees and expenses public, and almost half said no.

Apollo converts to C-corp as it passes $300bn AUM mark – updated

The firm is the latest in a string of private market money managers to make the change, citing an expected increase in its share liquidity.
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