Trusted Insighthttp://thetrustedinsight.com/2020-10-08T10:25:55.790401-04:00Trusted Insight, the world's largest platform for institutional investors with 40,000 LP investor professionals in 98 countries and territories around the globe. 30,000 institutional investors engage with Trusted Insight each week. They are actively investing in alternative assets, primarily private equity, hedge funds, real estate and private companies. Our users consist of pension funds, endowments, foundations, sovereign wealth funds, family offices, banks and insurance companies. 83% of Trusted Insight users continue to use the platform 6 months after initially signing up. Investors on the platform, on average manage in excess of $5 billion. We are a platform for qualified purchasers, not high net worth investors.
U.S. Pension Fund Aims $400M At PE Deals
2020-10-08T10:25:55.790401-04:00https://www.thetrustedinsight.com/investment-news/us-pension-fund-aims-400m-at-private-equity-deals-20201008984/
The Texas Municipal Retirement System is making a big push into private equity co-investments after voting to double its private equity investment pace earlier this year. The Austin-based pension system manages $29.9B in pension assets for city employees across Texas.
U.S. Pension System Ramps Up Co-Investing
2020-09-02T09:30:14.092254-04:00https://www.thetrustedinsight.com/investment-news/us-pension-system-ramps-up-co-investing-20200902012/
Fallout from the coronavirus pandemic failed to slow a push into private equity co-investments by one of California’s largest public pension plans during this year’s first half. The $253.6B California State Teachers’ Retirement System ramped up commitments to both co-investing alongside fund general partners and to opportunistic debt funds.
Family Office CIO Role 'Is Rapidly Evolving': Brendan MacMillan, Akkad Capital Partners | Exclusive Q&A
2017-11-14T16:34:19.627629-05:00https://www.thetrustedinsight.com/investment-news/family-office-cio-role-is-rapidly-evolving-brendan-macmillan-akkad-capital-partners-exclusive-qa-20171114107/
Brendan MacMillan is chief investment officer at Akkad Capital Partners, a single-family office based in New York. In this interview, MacMillan discusses why risk management is the integral component to family office investing and how family offices pioneer new strategies that are later adopted by other institution types.
Happy 150th Birthday Canada
2017-07-01T13:19:29.769381-04:00https://www.thetrustedinsight.com/investment-news/happy-150th-birthday-canada-20170701777/
Cheers from the Team at Black Swan Dexteritas, Tech Hedge Fund. Enjoy and stay safe !!!<br />
<br />
<a href="http://www.blackswandexteritas.com"><span style="color: rgb(51, 51, 51); font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; background-color: rgb(255, 255, 255);">www.blackswandexteritas.com</span></a>
Ohio PERS Hires LaSalle For Co-investments Separate Account
2017-05-24T15:57:15.482772-04:00https://www.thetrustedinsight.com/investment-news/ohio-pers-hires-lasalle-for-co-investments-separate-account-20170524826/
<p>Ohio Public Employees Retirement System has established a separate account dedicated to real estate co-investments.</p>
<p>The pension fund confirmed to IPE Real Estate that it has hired LaSalle Investment Management for the mandate.</p>
Japan's GPIF To Hire 'Gatekeepers' Before Looking At Co-Investments, Funds
2017-05-03T13:31:11.562248-04:00https://www.thetrustedinsight.com/investment-news/japans-gpif-to-hire-gatekeepers-before-looking-at-co-investments-funds-20170503124/
Japan’s ¥145 trillion (€1.24 trillion) Government Pension Investment Fund (GPIF), which plans to begin investing in global real estate and infrastructure, will focus on hiring fund-of-funds managers and “gatekeepers” before moving onto co-investments and specific fund investments.
APICORP Partners With Goldman Sachs For Global Energy Co-Investments
2017-03-27T17:50:14.892599-04:00https://www.thetrustedinsight.com/investment-news/apicorp-partners-with-goldman-sachs-for-global-energy-co-investments-20170327865/
The Arab Petroleum Investments Corporation (APICORP) has announced the signing of an agreement with Goldman Sachs for the creation of an investment partnership vehicle aimed at pursuing global energy co-investments alongside Goldman Sachsâ West Street Capital Partners VII funds.
University of California Fund to Double Private-Equity Holdings
2017-03-16T11:23:22.837194-04:00https://www.thetrustedinsight.com/investment-news/university-of-california-fund-to-double-private-equity-holdings-20170316546/
The University of California plans to double the endowment’s investments in private equity and trim stock holdings, the latest move as it tries to improve performance.<br />
<br />
The $9.9 billion endowment had a 7.1 percent investment gain for the six months through Dec. 31, propelled by global stocks and private equity.<br />
<br />
Endowments of all sizes gained a median 4.4 percent in the same time, according to Wilshire Trust Universe Comparison Service, a database provided by Wilshire Associates.
Co-Investments In Private Equity: The SEC’s Focus On Disclosure
2016-11-18T13:58:06.058017-05:00https://www.thetrustedinsight.com/investment-news/co-investments-in-private-equity-the-secs-focus-on-disclosure-20161118482/
The trend of utilizing co-investments in private equity continues to grow. A Special Report by Preqin found that 69% of the 320 sponsors surveyed offered co-investment rights to their limited partners, with another 18% considering offering co-investment rights in the future.
Vietnamese Government VC Fund Plans To Co-Invest With Private VCs
2016-09-21T11:32:52.580262-04:00https://www.thetrustedinsight.com/investment-news/vietnamese-government-vc-fund-plans-to-co-invest-with-private-vcs-20160921494/
Vietnam is keeping its intention to establish a government venture capital (VC) fund and aims to co-invest in local startups with private VC firms, a government official said on Wednesday.
New Jersey Commits Up To $1 Billion To BlackRock Fund Of Funds
2016-08-04T13:28:39.458655-04:00https://www.thetrustedinsight.com/investment-news/new-jersey-commits-up-to-1-billion-to-blackrock-fund-of-funds-20160804091/
The New Jersey State Investment Council voted to invest up to $1 billion in a separate account with BlackRock Inc.’s fund-of-hedge funds unit as part of an effort to tap lower fees from asset managers.
UK's Northern Pool To Go Direct In PE Co-Investments
2016-07-27T11:59:11.955327-04:00https://www.thetrustedinsight.com/investment-news/uks-northern-pool-to-go-direct-in-pe-co-investments-20160727612/
Pool to target private equity co-investments
Why Co-Investing Can Benefit LPs & How To Do It Right
2016-07-21T17:03:15.620243-04:00https://www.thetrustedinsight.com/investment-news/why-co-investing-appeals-lps-how-to-do-it-right-20160721373/
Maurice Gordon, Head of Private Equity at Guardian Life Insurance, says there are three advantages of co-investment programs and shares tips for LPs to make those programs successful.
Ex-Soros, Blue Pool Executives Said to Start Fund of Funds
2016-07-12T15:58:27.334907-04:00https://www.thetrustedinsight.com/investment-news/ex-soros-blue-pool-executives-said-to-start-fund-of-funds-20160712868/
<span style="line-height: 20.8px;">Kieran Cavanna, who ran external investments for billionaire George Soros’s family office until last year, started a fund of hedge funds that will focus on equities and macroeconomic trends, according to a person with knowledge of the matter.</span>
Ping An Real Estate Backs E-Shang Redwood With $300M
2016-07-05T16:05:08.268734-04:00https://www.thetrustedinsight.com/investment-news/ping-an-real-estate-backs-e-shang-redwood-with-300m-20160705523/
Chinese insurer commits to four co-investments in Tokyo, Nagoya
Bernhard Capital Partners Closes Debut Private Equity Fund At More Than $750 Million
2016-06-08T11:24:20.353381-04:00https://www.thetrustedinsight.com/investment-news/bernhard-capital-partners-closes-debut-private-equity-fund-at-more-than-750-million-20160608103/
Bernhard Capital Partners Management LP, an investment firm founded by former Shaw Group chief executive James “Jim” Bernhard, has reached a $750 million target for its debut private equity fund, BCP Energy Services Fund LP.
As Worries Grow About a Tech Bubble, Know The Realities of Every Investment Platform
2016-04-26T15:18:16.934992-04:00https://www.thetrustedinsight.com/investment-news/as-worries-grow-about-a-tech-bubble-know-the-realities-of-every-investment-platform-20160426285/
"Online startup investing platforms have the potential to offer investors access to an asset class that they traditionally have been sidelined from for decades," said Alex Mittal, CEO of FundersClub ...
The Rise Of Co-Investments
2016-03-17T19:30:22.167995-04:00https://www.thetrustedinsight.com/investment-news/the-rise-of-co-investments-20160317749/
Real estate managers are more open than they used to be to alternative fundraising methods despite giving up some control.
David Pierce: HQ Capitalises On Secondary PE Fallout
2016-03-08T14:30:24.958388-05:00https://www.thetrustedinsight.com/investment-news/david-pierce-hq-capitalises-on-secondary-pe-fallout-20160308177/
David Pierce has a 20-year career in private equity in Asia and has run HQ Capital's Asia business since 2014. Here, he gives his views on the outlook for private equity in Asia.
Zuckerberg Money Adviser Said to Hire Stanford Endowment Manager
2016-03-08T12:00:25.536340-05:00https://www.thetrustedinsight.com/investment-news/zuckerberg-money-adviser-said-to-hire-stanford-endowment-manager-20160308155/
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world....
Texas Endowment Increases Stakes in Private Equity Funds
2016-03-08T11:58:13.929381-05:00https://www.thetrustedinsight.com/investment-news/texas-endowment-increases-stakes-in-private-equity-funds-20160308153/
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world....
In The Control-Freak World Of Family Offices, Cutting The Private Equity Firm Out Of The Deal Has An Alluring Logic - And Pitfalls
2016-03-07T18:14:02.153206-05:00https://www.thetrustedinsight.com/investment-news/in-the-control-freak-world-of-family-offices-cutting-the-private-equity-firm-out-of-the-deal-has-an-alluring-logic-and-pitfalls-20160307123/
This article originally appeared in the January/February issue of Investment & Wealth Monitor, published by the Investment Management Consultants Association....
BlackRock Planning Asia-Focused PE Fund Of Funds
2016-02-27T12:30:11.308084-05:00https://www.thetrustedinsight.com/investment-news/blackrock-planning-asia-focused-pe-fund-of-funds-20160227607/
BlackRock is reportedly prepping a new multi-strategy private equity pool that will focus on Asia.
David Smith, Capital Dynamics, On Why Co-Investment Is Increasing
2016-02-25T16:00:26.384854-05:00https://www.thetrustedinsight.com/investment-news/david-smith-capital-dynamics-on-why-co-investment-is-increasing-20160225517/
David Smith, Managing Director and Co-head of Co-investment at Capital Dynamics, explains why he thinks the current level of interest in co-investment is growing within private equity.
Townsend Real Estate Alpha Fund II Raises $496M
2016-02-17T13:52:30.902053-05:00https://www.thetrustedinsight.com/investment-news/townsend-real-estate-alpha-fund-ii-raises-496m-20160217112/
Townsend Real Estate Alpha Fund II raised $496 million in capital commitments from over 20 institutional investors including public and private sector pension funds, foundations, endowments and select private wealth partners.
Avrio Capital Announces Final Closing Of Its Largest Late Stage Venture Fund
2016-02-11T09:30:21.801071-05:00https://www.thetrustedinsight.com/investment-news/avrio-capital-announces-final-closing-of-its-largest-late-stage-venture-fund-20160211873/
With total commitments approaching $110M, the closing establishes Fund III as the largest in Avrio's history and follows the first closing which occurred in August of 2014 with the Fund's cornerstone investors, Farm Credit Canada and Export Development Canada.
See The Largest Allocators To Private Equity
2016-02-08T11:32:57.034220-05:00https://www.thetrustedinsight.com/investment-news/see-the-largest-allocators-to-private-equity-20160208685/
Increasingly, sovereign funds and pensions have allocated more capital toward private market investments in the past decade. Some driving forces include prospects for higher risk-adjusted returns, reduced volatility and diversification.
USS Sells £640m Private Equity Portfolio As It Targets Direct Investments
2016-02-01T15:05:34.411181-05:00https://www.thetrustedinsight.com/investment-news/uss-sells-640m-private-equity-portfolio-as-it-targets-direct-investments-20160201291/
<p style="line-height: 18.9091px;">The Universities Superannuation Scheme (USS) has sold a £640m (€868m) private equity (PE) portfolio as it prepares a shift towards greater direct investment. The portfolio, sold to Ardian, comprises the pension scheme’s stakes in 13 PE funds, but USS said in a statement that the sale of any one managers’ fund would not preclude it from working with them in the future.</p>
USS Offloads 13 PE Fund Stakes To Ardian
2016-02-01T13:07:47.832240-05:00https://www.thetrustedinsight.com/investment-news/uss-offloads-13-pe-fund-stakes-to-ardian-20160201274/
UK pension fund Universities Superannuation Scheme (USS) has sold LP interests in 13 private equity funds to fund of funds firm Ardian. <span style="line-height: 18.9091px;">The funds include assets and unfunded commitments of approximately £640m according a statement by the firm.</span>
Legg Mason Goes Big On Alternatives Acquisitions
2016-01-25T15:23:13.023320-05:00https://www.thetrustedinsight.com/investment-news/legg-mason-goes-big-on-alternatives-acquisitions-20160125975/
Legg Mason Inc. agreed to deals involving three firms spanning real estate, hedge funds and exchange-traded funds.
Industry Fund Backs US Toll Road
2016-01-22T15:30:13.913395-05:00https://www.thetrustedinsight.com/investment-news/industry-fund-backs-us-toll-road-20160122933/
A co-investment in a US toll road will become an industry superannuation fund's second largest infrastructure exposure after Port Botany and Port Kembla in New South Wales.
Neuberger Berman Private Equity Raises $1.5B For Third Co-Investment Fund
2016-01-21T10:11:26.522521-05:00https://www.thetrustedinsight.com/investment-news/neuberger-berman-private-equity-raises-15b-for-third-co-investment-fund-20160121856/
<p style="line-height: 18.9091px;">Global investment manager Neuberger Berman has announced the final close of its third global private equity co-investment fund. The company’s NB Strategic Co-Investment Partners III LP was oversubscribed, according to a statement. The fund closed on its hard cap of $1.5 billion and surpassed its target of $1.25 billion.</p>
Partners Capital Names Streeter To Senior PE Post
2016-01-20T16:30:20.246233-05:00https://www.thetrustedinsight.com/investment-news/partners-capital-names-streeter-to-senior-pe-post-20160120841/
Outsourced investment office Partners Capital has appointed former Babson Capital Management executive Suzanne Streeter to the role of senior investment principal to lead the firm’s Private Equity asset class in North America. Prior to taking on her new role, Streeter was managing director, fund investments & advisory for Babson Capital Management, where she led private equity fund and equity co-investments on behalf of MassMutual. Beforehand, she was associate director for the private equity program at the Yale University Investments Office, and held roles at Morgan Stanley in both global capital markets and investment banking. “Private Equity is a core...
Family Offices Exert More Control In Direct Deals
2016-01-20T10:47:04.834169-05:00https://www.thetrustedinsight.com/investment-news/family-offices-exert-more-control-in-direct-deals-20160120793/
<p style="line-height: 18.9091px;">While family offices are known for making co-investments with private equity firms, a rising number are cutting out the middleman and management fees. “In the past, family offices tended to invest more passively with managers and they lost a lot of money due to the financial crisis of 2008,” said Irwin Latner, a partner in the Corporate and Securities Practice Group with Pepper Hamilton, which specializes in counseling family offices.</p>
Malaysia State PE Firm Ekuinas Invests $18M In Two Healthcare Firms, Adds $16M To Orkim
2016-01-11T10:25:04.804572-05:00https://www.thetrustedinsight.com/investment-news/malaysia-state-pe-firm-ekuinas-invests-18m-in-two-healthcare-firms-adds-16m-to-orkim-20160111313/
<p style="line-height: 20.8px;">Government-linked private equity firm Ekuiti Nasional Bhd (Ekuinas) has made its maiden healthcare investments worth MYR79.8 million ($18.18 million) in two Third Party Medical Claims Administrators (TPA) service providers. The investments comprise the acquisition of 60 per cent equity in MediExpress Group (MediExpress), which consists of MediExpress (Malaysia) Sdn Bhd and Health Connect Sdn Bhd, and another 60 per cent equity in PMCare Sdn Bhd (PMCare).</p>
Leverage Takes A Backseat In Private Equity’s New Normal
2015-12-23T12:00:38.528024-05:00https://www.thetrustedinsight.com/investment-news/leverage-takes-a-backseat-in-private-equitys-new-normal-20151223642/
Firms that emphasize growing portfolio companies will outperform their LBO counterparts, new research suggests.
PE HUBMonroe Backs Dominus Capital's Buy Of Complete Nutrition
2015-12-23T11:30:22.091583-05:00https://www.thetrustedinsight.com/investment-news/pe-hubmonroe-backs-dominus-capitals-buy-of-complete-nutrition-20151223634/
CHICAGO–(BUSINESS WIRE)–Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on a $25.1 million senior credit facility to support the acquisition of Complete Nutrition, Inc. by private equity sponsor, Dominus Capital, L.P. Based in Omaha, Nebraska and founded in 2005, Complete Nutrition is a distributor of high-quality nutritional supplements and franchisor of health-focused retail stores with a concentration on providing effective sports nutrition, weight loss management, and general health programs for customers. The company focuses on providing personal service, less intimidating store environments, and high quality products to help people live a healthy lifestyle. Complete...
Singapore: Axiom Asia Private Capital Raises $391M For Fourth Fund Of Funds
2015-12-18T10:30:15.178545-05:00https://www.thetrustedinsight.com/investment-news/singapore-axiom-asia-private-capital-raises-391m-for-fourth-fund-of-funds-20151218359/
Axiom currently manages three private equity funds of funds, with total commitments of over $2.5b. Axiom's first fund was closed in 2006 at $440m, second fund was closed in 2010 at $950m, while the third fund closed in 2012 at $1.15b.
Co-Investment Trends in 2015
2015-12-11T15:00:27.168088-05:00https://www.thetrustedinsight.com/investment-news/co-investment-trends-in-2015-20151211946/
Although co-investments are not new, private equity groups (PEGs) are increasingly seeking opportunities to offer others — including their own limited partners (LPs) — the chance to invest in their deals. The trends show that PEGs have been closing...By: Pepper Hamilton LLP
Old Hill Partners Launches New Private Debt Hedge Fund
2015-11-19T17:30:12.784058-05:00https://www.thetrustedinsight.com/investment-news/old-hill-partners-launches-new-private-debt-hedge-fund-20151119800/
Asset-based lending specialist Old Hill Partners has launched a new hedge fund to take advantage of rising interest in private debt among institutional investors. The new vehicle will seek to generate current income by originating and investing in the senior secured credit instruments of corporate and asset-backed borrowers while also maintaining an emphasis on preservation of capital, according to information seen by FINalternatives. Old Hill is targeting $300 million for the fund. Given the nature of private debt investments, it is using a hybrid private equity-like structure in which the life of the fund is divided into a capital raise...
More LPs Conduct Co-Investment Deals, Attracted To Better Returns
2015-11-13T11:54:50.170399-05:00https://www.thetrustedinsight.com/investment-news/more-lps-conduct-co-investment-deals-attracted-to-better-returns-20151113388/
Around 80% of limited partners have seen their co-investments outperforming private equity funds, with 46% seeing their co-investments outperform by a margin of over 5%, according to a new survey conducted by industry research firm Preqin. This level of out-performance has drawn limited partners to more co-investment deals. Around 63% of investors surveyed have allocated additional co-investment capital equating to around 1% to 20% of their original commingled fund commitment. On the part of general managers, 87% currently offer or are considering to offer co-investment rights to their investors. Around 30% of general partners included co-investment rights in...
80% Of Private Equity Investors See Their Co-Investments Outperform Commingled Funds
2015-11-12T17:35:48.798645-05:00https://www.thetrustedinsight.com/investment-news/80-of-private-equity-investors-see-their-co-investments-outperform-commingled-funds-20151112355/
46% of investors report that their co-investments outperform their private equity fund commitments by more than 5%, while only 3% say they underperform. Preqin’s latest survey of fund managers and investors* examines the increasing appetite for co-investments among both parties. It finds that 80% of limited partners (LPs) have seen their co-investments outperforming private equity funds, with 46% seeing their co-investments outperform by a margin of over 5%. This level of performance is the biggest draw for investors, with two-thirds of LPs citing better returns as the biggest benefit of co-investing alongside GPs. Co-investment opportunities from fund managers (GPs) are...
Five Point Capital sells Unishippers Global to Ridgemont Equity
2015-10-21T16:59:19.651367-04:00https://www.thetrustedinsight.com/investment-news/five-point-capital-sells-unishippers-global-to-ridgemont-equity-20151021086/
Winston-Salem, NC (October 20, 2015) â Five Points Capital (formerly known as BB&T Capital Partners) is pleased to announce that it has exited its investment in Unishippers Global Logistics (âUnishippersâ or the âCompanyâ), a leading provider of third party logistics services to small and medium-sized businesses, through a recapitalization sponsored by Ridgemont Equity Partners. Financial terms of the transaction were not disclosed. Unishippers offers small package and heavy freight services, including less than truckload, full truckload and air freight, through nearly 300 franchise locations and affiliates across the United States. The Company partners with over 30 regional and national shipping...
More Foundations and Endowments Weigh Private Equity Co-Investments
2015-10-21T16:12:37.584300-04:00https://www.thetrustedinsight.com/investment-news/more-foundations-and-endowments-weigh-private-equity-co-investments-20151021077/
Foundations and endowments are considering making private investment deals on the side rather than committing additional money to funds run by big private equity firms, according to a new survey by NEPC L.L.C., a Boston consulting firm that advises institutions on their investments. The survey found that foundations and endowments believe these so-called co-investments will improve returns and give them better access to top fund managers. In a co-investment, the investor puts up money alongside a private equity firm where the investor also invests in one or more funds. Co-investments in a sector of interest or specialty are typically offered...
Morgan Stanley AIP Raises $1B For Sixth Private Markets Fund
2015-10-14T16:04:31.612105-04:00https://www.thetrustedinsight.com/investment-news/morgan-stanley-aip-raises-1b-for-sixth-private-markets-fund-20151014629/
Morgan Stanley Alternative Investment Partners has raised more than $1 billion for its sixth private markets fund, easily surpassing the firm’s $750 million target. The Private Markets Fund VI will combine primary funds, co-investments and secondaries in one globally diversified portfolio of private equity investments, according to the company. The objective is to provide investors with superior risk-adjusted returns and exposure to four private equity strategies - buyouts, venture, growth capital, and special situations. “Our PMF private equity fund series is now in its sixth round of investing, which speaks to the value our clients see in the consistent, disciplined...
Morgan Stanley Alternative Investment Partners Raises Over $1 Billion for Private Markets Fund VI
2015-10-13T17:20:28.872122-04:00https://www.thetrustedinsight.com/investment-news/morgan-stanley-alternative-investment-partners-raises-over-1-billion-for-private-markets-fund-vi-20151013551/
NEW YORK--(BUSINESS WIRE)-- Morgan Stanley Alternative Investment Partners (AIP) has raised over $1 billion in commitments for Private Markets Fund VI (PMF VI). The fund’s
Silver Lake bets its future on Dell
2015-10-13T17:15:50.212698-04:00https://www.thetrustedinsight.com/investment-news/silver-lake-bets-its-future-on-dell-20151013548/
Two years after helping to take Dell Inc. private in a $24.9 billion buyout, private equity firm Silver Lake today said that it also will participate in Dell’s pending $67 billion purchase of EMC Corp. EMC
Electra's battles shouldn't overshadow private equity potential
2015-10-07T14:36:12.623017-04:00https://www.thetrustedinsight.com/investment-news/electras-battles-shouldnt-overshadow-private-equity-potential-20151007230/
The Electra investment trust should be counted a private equity success, as the sector is handed a welcome boost from a new listing.
Tunbridge Partners Formed To Invest In Real Estate, Real Asset Investments
2015-09-30T17:49:55.936069-04:00https://www.thetrustedinsight.com/investment-news/tunbridge-partners-formed-to-invest-in-real-estate-real-asset-investments-20150930788/
Tunbridge Partners LLC, a newly-formed asset management company focused on making minority equity investments in real estate- and real asset-focused investment managers, today announced that it has officially launched. Tunbridge is being formed by a management team led by Brian Finn, Chairman, and Sean Gallary, Portfolio Manager, and Hodes Weill & Associates, a real estate advisory firm with a focus on the real estate investment and funds management industry.
The 2015 Preqin Private Equity Fund Terms Advisor
2015-09-15T12:21:26.747605-04:00https://www.thetrustedinsight.com/investment-news/the-2015-preqin-private-equity-fund-terms-advisor-20150915913/
Private equity fund terms and conditions are an important aspect of fund agreements between GPs and LPs. It is essential that the interests between the two parties in this area are closely aligned to ensure a harmonious and positive working relationship during the lifetime of the fund, and potentially thereafter in the form of reups or positive sentiment within the investor community. Should this sensitive area be neglected and fund terms and conditions favor either the GP or LP, problems may be compounded and over the longer term, parties can lose out economically. Fundamentally, it is important for GPs to...
48% Of Private Equity Separate Accounts Charge A 20% Performance Fee
2015-09-11T15:18:14.310439-04:00https://www.thetrustedinsight.com/investment-news/48-of-private-equity-separate-accounts-charge-a-20-performance-fee-20150911025/
Separate accounts and co-investments offer sophisticated investors significantly lower management and performance fees than the widely accepted “2 & 20” rate. Figures compiled for the forthcoming 2015 Preqin Private Equity Fund Terms Advisor show the significant disparity in fees private equity fund managers offer investors in their separate accounts and co-investment opportunities, with that of commingled fund investments. When calculating performance fees, 48% of fund managers charge a 20% carry rate for separate accounts, compared to 85% of managers running commingled funds. 48% of managers charge no carried interest on co-investments, while only a quarter keep the same rate as...
HQ Group Bundles PE, Real Estate Activities Under HQ Capital Brand
2015-09-02T14:47:03.549171-04:00https://www.thetrustedinsight.com/investment-news/hq-group-bundles-pe-real-estate-activities-under-hq-capital-brand-20150902626/
HQ Group will bring its private equity and real estate alternative investment businesses under the HQ Capital brand, according to a statement by the company Tuesday.
SEC investigates ‘favoritism’ for LPs providing debt for deals
2015-08-24T11:40:19.123166-04:00https://www.thetrustedinsight.com/investment-news/sec-investigates-favoritism-for-lps-providing-debt-for-deals-20150824087/
This specific issue falls under the category of “favoritism,” which is explained as “favoring certain clients or funds or favoring certain investors without proper disclosure,” according to a January...
LACERS reviewing its private equity portfolio
2015-08-13T13:50:38.372030-04:00https://www.thetrustedinsight.com/investment-news/lacers-reviewing-its-private-equity-portfolio-20150813680/
Los Angeles City Employees’ Retirement System board members plan to review the $13.9 billion pension fund’s private equity portfolio, agenda materials for the Aug. 12 board meeting show....
Private Equity Should Be Your Asset Class of Choice
2015-08-10T19:02:05.757016-04:00https://www.thetrustedinsight.com/investment-news/private-equity-should-be-your-asset-class-of-choice-20150810583/
While many investment-related articles focus on listed equities, the market with greater profit potential is most definitely private equity (PE)....
New Twist on Private Equity Appeals to Family Offices
2015-07-24T14:58:54.082218-04:00https://www.thetrustedinsight.com/investment-news/new-twist-on-private-equity-appeals-to-family-offices-20150724297/
Especially over the past three years, family offices have been increasingly active in direct private company invests. What is new is that some family offices are investing in “search funds” that basi...
J.P. Morgan Expands Global Real Assets Team as Investors Seek to Globally Diversify Real Estate Allocations, Adam Pillay Named Asia Pacific Real Estate Platform Specialist
2015-07-22T12:36:36.543219-04:00https://www.thetrustedinsight.com/investment-news/jp-morgan-expands-global-real-assets-team-as-investors-seek-to-globally-diversify-real-estate-allocations-adam-pillay-named-asia-pacific-real-estate-platform-specialist-20150722223/
With one of the broadest real estate footprints in the region, J.P. Morgan Global Real Assets' Asia Pacific real estate platform has nearly 50 professionals, offices in five cities across Asia Pacifi...
Top exec departs AlpInvest’s U.S. co-investing group
2015-06-29T13:31:28.541446-04:00https://www.thetrustedinsight.com/investment-news/top-exec-departs-alpinvests-us-co-investing-group-20150629791/
Randy Whitestone, a spokesman for Carlyle Group-backed AlpInvest, confirmed Spoto’s departure but declined to comment further....
AlpInvest's co-head of US co-investing joins Goldman
2015-06-25T14:55:22.437847-04:00https://www.thetrustedinsight.com/investment-news/alpinvests-co-head-of-us-co-investing-joins-goldman-20150625748/
Thomas Spoto, who co-led US co-investments at Carlyle-owned fund of funds AlpInvest Partners, has left the firm, AltAssets understands.
J.Crew's Falling Sales Continue to Delay PE Owners' Exit Plans - Video
2015-06-05T17:06:49.666066-04:00https://www.thetrustedinsight.com/investment-news/jcrews-falling-sales-continue-to-delay-pe-owners-exit-plans-video-20150605364/
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade....
Hedge Funds Hawk Single-Bet Deals
2015-04-27T01:23:08.495575-04:00https://www.thetrustedinsight.com/investment-news/hedge-funds-hawk-single-bet-deals-1-20150427875/
It is the gold-plated equivalent of a late-night infomercial: a special deal for hedge-fund investors willing to act fast...
Hedge Funds Hawk Single-Bet Deals
2015-04-20T14:34:34.808711-04:00https://www.thetrustedinsight.com/investment-news/hedge-funds-hawk-single-bet-deals-20150420822/
It is the gold-plated equivalent of a late-night infomercial: a special deal for hedge-fund investors willing to act fast.<br />
Hedge-fund managers are slashing their stiff fees for those willing to take a leap of faith on a single, concentrated investment idea as varied as Icelandic bank debt, American energy companies or U.S. government-backed loans.
Private Equity Guru Joins UK's Largest Pension Fund
2015-03-12T10:40:24.788670-04:00https://www.thetrustedinsight.com/investment-news/private-equity-guru-joins-uks-largest-pension-fund-20150312428/
Christopher Rowlands, former senior executive at 3i, has joined the board of USS Investment Management, the investment arm of UK's largest pension fund which has £40 billion under management.
Chamillionaire Is Upfront Ventures Newest EIR
2015-02-26T15:05:03.052595-05:00https://www.thetrustedinsight.com/investment-news/chamillionaire-upfront-ventures-newest-eir-20150226333/
In his blog, Mark Suster discloses the details behind the addition of famous rapper, Chamillionaire to the VC firm.
500 Startups Launches $10M Mobile Collective Fund, Hires Ex-Dolphin Browser Exec Edith Yeung To Run It | TechCrunch
2014-11-19T12:06:07.207638-05:00https://www.thetrustedinsight.com/investment-news/500-startups-launches-10m-mobile-collective-fund-hires-ex-dolphin-browser-exec-edith-yeung-to-run-it-techcrunch-20141119708/
The firm passed 500 portfolio companies a while ago, and is now up to about 900 startups that it’s put money into. That’s why it might make sense for McClure to set his heights on a new, even more am...
Industry Ventures Raises $170M for Latest Fund of Funds
2014-09-30T14:40:28.133392-04:00https://www.thetrustedinsight.com/investment-news/industry-ventures-raises-170m-for-latest-fund-of-funds-20140930265/
The fund will focus on primary commitments and early secondary purchases in smaller venture capital funds as well as direct investments alongside its managers.
Sovereign Wealth Funds Bank on the UK, Developed Real Estate, and Infrastructure, avoid Russia
2014-07-03T10:45:42.795642-04:00https://www.thetrustedinsight.com/investment-news/8160-sovereign-wealth-funds-bank-on-the-uk-developed-real-estate-and-infrastructure-avoid-russia-20140703160/
ABU DHABI INVESTMENT AUTHORITY: Returns: 2012-2013 20 year annualized returns were 7.2%; 30 year were 8.3%. Changes in recent years: building out teams in the illiquid space, including real estate, infrastructure, and private equity. Bullish on: China, thanks to a looming loosening of administrative controls and thus a greater ability for markets to allocate capital.
Family Offices Team Up Taking Page From Private Equity
2014-05-29T12:12:33.196431-04:00https://www.thetrustedinsight.com/investment-news/7631-family-offices-team-up-taking-page-from-private-equity-20140529631/
Bill Gates, founder of Microsoft and co-chairman of the Bill and Melinda Gates Foundation, addresses the National Board for Professional Teaching Standards' inaugural Teaching and Learning Conference...
Getting the Right Recipe for Co-Investments - Private Equity Beat
2014-04-07T07:03:56.059023-04:00https://www.thetrustedinsight.com/investment-news/6638-getting-the-right-recipe-for-co-investments-private-equity-beat-20140407638/
Mega firms Deal-making Produced by the editors of Dow Jones LBO Wire , Private Equity Analyst and Private Equity News , Private Equity Beat provides an inside view into the latest buyout deals and em...
CalPERS and OMERS crush it on direct investments
2014-03-12T11:22:37.148213-04:00https://www.thetrustedinsight.com/investment-news/6247-calpers-and-omers-crush-it-on-direct-investments-20140312247/
Direct investments by two of the world's largest pension funds have generated strong returns, suggesting that a recent Harvard Business School paper showing that directs do no better than fund invest...
Deutsche Bank Said to Seek $1 Billion for Secondary Fund
2014-02-13T15:11:31.962980-05:00https://www.thetrustedinsight.com/investment-news/5715-deutsche-bank-said-to-seek-1-billion-for-secondary-fund-20140213715/
DB Secondary Opportunities Fund III LP, which the firm is
raising just less than a year after closing its predecessor,
will purchase stakes at a discount in funds that have already
invested a substan...
Canadian Gov, Pensions Pour $217.5m into Fund Aimed at Boosting Local Businesses
2014-02-12T11:51:59.099066-05:00https://www.thetrustedinsight.com/investment-news/5681-canadian-gov-pensions-pour-2175m-into-fund-aimed-at-boosting-local-businesses-20140212681/
The NorthLeaf Venture Catalyst Fund (NVCF) will invest in venture capital funds that support early and mid-stage companies. A total of $217.5-million has been invested in the fund so far, with a goal to increase the amount to $300-million. About two-thirds of the money is from the private sector, with the Ontario and federal governments splitting the other third.
Equitorial Guinea Commits $1 Billion to Co-Investment Fund with Goal of Economic Diversification
2014-02-07T16:36:46.066387-05:00https://www.thetrustedinsight.com/investment-news/5575-equitorial-guinea-commits-1-billion-to-co-investment-fund-with-goal-of-economic-diversification-20140207575/
We have been blessed by an incredible oil wealth, which we aim to use to build the foundations of an emerging country, via a strong plan for economic diversification and industrialization plan.
London Boroughs to Create Collective Investment Vehicle for Pension Funds
2014-02-04T13:27:36.091208-05:00https://www.thetrustedinsight.com/investment-news/5489-london-boroughs-to-create-collective-investment-vehicle-for-pension-funds-20140204489/
The plans do not involve full legal mergers of council pension schemes. Instead, individual boroughs would retain “sovereignty” over where to invest their assets and would be given the option of investing them through the collective vehicle.
BlackRock Seeks $400 million for Fourth Co-Investment Fund
2014-01-31T16:23:42.666764-05:00https://www.thetrustedinsight.com/investment-news/5397-blackrock-seeks-400-million-for-fourth-co-investment-fund-20140131397/
The firm has raised $75 million among 5 investors as of January 20th, 2014.
Private Equity Real Estate Funds May Reshape Approach in the Future
2014-01-23T10:40:57.585139-05:00https://www.thetrustedinsight.com/investment-news/5168-private-equity-real-estate-funds-may-reshape-approach-in-the-future-20140123168/
Increased demand for co-investments and a willingness to embrace novel structures are eroding the traditional private equity fund model...
New Investments on Deck for Arizona Safety Fund
2014-01-17T12:14:30.744685-05:00https://www.thetrustedinsight.com/investment-news/5052-new-investments-on-deck-for-arizona-safety-fund-20140117052/
The Arizona Public Safety Personnel Retirement System discussed making more than $300 million in investments during a meeting Wednesday...
Canadian pension funds prefer direct route for investment - Pensions & Investments
2014-01-13T18:56:05.418626-05:00https://www.thetrustedinsight.com/investment-news/canadian-pension-funds-prefer-direct-route-for-investment-pensions-investments-20140113924/
Several Canadian public pension funds in recent months have made large investments in commercial real estate outside of the country, either directly or through co-investments.Rick started at P&I in 20...
Investors may flirt with riskier real estate strategies in 2014 - Pensions & Investments
2014-01-06T11:47:19.210132-05:00https://www.thetrustedinsight.com/investment-news/4667-investors-may-flirt-with-riskier-real-estate-strategies-in-2014-pensions-investments-20140106667/
Spoiler alert: Real estate investors might be edging into riskier strategies in 2014.Arleen joined the Los Angeles office of P&I in 1998. She covers private equity and real estate. She previously wrot...
Carlyle aiming for pan-alternatives outsourcing - Pensions & Investments
2014-01-03T19:09:54.863248-05:00https://www.thetrustedinsight.com/investment-news/carlyle-aiming-for-pan-alternatives-outsourcing-pensions-investments-20140103627/
Arleen joined the Los Angeles office of P&I in 1998. She covers private equity and real estate. She previously wrote about municipal bonds for the Bond Buyer. She began her career in journalism as a s...
Blackrock Fund Sells Singapore's Westin Hotel to Daisho Group for $368 million
2013-12-30T14:28:55.537958-05:00https://www.thetrustedinsight.com/investment-news/4355-blackrock-fund-sells-singapores-westin-hotel-to-daisho-group-for-368-million-20131230355/
BlackRock Inc.’s Asia Property Fund III is selling its Westin hotel in Singapore’s new central business district one month after the property opened....
Barings Joins Russian Sovereign Wealth Fund In Far East Coal Private Equity Deal
2013-12-18T13:40:03.333950-05:00https://www.thetrustedinsight.com/investment-news/3916-barings-joins-russian-sovereign-wealth-fund-in-far-east-coal-private-equity-deal-20131218916/
This morning the Russian sovereign wealth vehicle, the Russian Direct Investment Fund, announced a joint investment with an offshoot of Barings Private Equity International, one of the biggest names ...
Barings Joins Russian Sovereign Wealth Fund In Far East Coal Private Equity ... - Forbes
2013-12-13T18:16:28.231619-05:00https://www.thetrustedinsight.com/investment-news/3748-barings-joins-russian-sovereign-wealth-fund-in-far-east-coal-private-equity-forbes-20131213748/
Barings Joins Russian Sovereign Wealth Fund In Far East Coal Private Equity ...ForbesРусский: Чаданский угольный разрез This morning the Russian sovereign wealth vehicle, the Russian Direct Investment Fund, announced a joint investment with an offshoot of Barings Private Equity International, one of the biggest names in private equity...and more
Industry Ventures Closes Oversubscribed $425 Million Secondary Fund and $200 Million Special Opportunities Fund
2013-12-04T17:16:21.844088-05:00https://www.thetrustedinsight.com/investment-news/3445-industry-ventures-closes-oversubscribed-425-million-secondary-fund-and-200-million-special-opportunities-fund-20131204445/
Industry Ventures Closes Oversubscribed $425 Million Secondary Fund and $200 Million Special Opportunities Fund . Press release distribution provided by EIN News...
'We are imitating the Canadians' journey' - USS on infrastructure
2013-12-03T17:43:02.152677-05:00https://www.thetrustedinsight.com/investment-news/we-are-imitating-the-canadians-journey-uss-on-infrastructure-20131203353/
As one of the UK's biggest pension funds signs its third infrastructure acquisition in two months, FN catches up with its head of private markets...
Texas Teachers OKs $400m in real estate commitments
2013-10-16T14:56:21.861088-04:00https://www.thetrustedinsight.com/investment-news/2060-texas-teachers-oks-400m-in-real-estate-commitments-20131016060/
The Teacher Retirement System of Texas has approved $400m (€296m) of new real estate commitments during the month of September...
The Investment Preferences of Family Offices
2013-10-15T11:28:26.025358-04:00https://www.thetrustedinsight.com/investment-news/2031-the-investment-preferences-of-family-offices-20131015031/
Deterred by the volatility of the public markets and the high-fee, low-transparency nature of private equity, many family offices have been seeking direct investment alternatives..
Georgia launches $6Billion PE Fund -
2013-10-13T17:00:53.008738-04:00https://www.thetrustedinsight.com/investment-news/1996-georgia-launches-6billion-pe-fund--20131013996/
Georgia launched a $6bn private equity fund, in a bid to boost economic growth. The giant fund is more than six-times larger than the entire volume of foreign direct investment (FDI) made into the country last year, and among the 50 largest private equity funds ever raised.
USD 6 bln Private Equity Fund Launched by Georgian Prime Minister
2013-10-10T11:48:25.022841-04:00https://www.thetrustedinsight.com/investment-news/1972-usd-6-bln-private-equity-fund-launched-by-georgian-prime-minister-20131010972/
Launch of a much-anticipated private equity fund of USD 6 billion, targeting energy, manufacturing, tourism, logistics and agriculture, was announced by PM Ivanishvili on September 30...
Shifting Focus for Middle East Sovereign Funds, Report Says
2013-10-07T16:32:31.252025-04:00https://www.thetrustedinsight.com/investment-news/1914-shifting-focus-for-middle-east-sovereign-funds-report-says-20131007914/
The Middle East's sovereign funds are shifting increasingly into alternative investments and managing more money themselves, according to a new report....
Vista Raising Plethora of New Funds
2013-09-26T12:10:37.256913-04:00https://www.thetrustedinsight.com/investment-news/1785-vista-raising-plethora-of-new-funds-20130926785/
Software-focused Vista Equity Partners is nearing a final close for a second small- and mid-cap investment vehicle that is slated to come in slightly less than $1 billion, said a person familiar with the fundraising...
Sovereign Wealth Funds Put the Pressure on Private Equity
2013-09-24T11:32:48.590141-04:00https://www.thetrustedinsight.com/investment-news/1738-sovereign-wealth-funds-put-the-pressure-on-private-equity-20130924738/
In the postcrisis world sovereign funds are pushing for lower fees from private equity firms and the ability to invest alongside them....
Ontario Teachers' Pension Plan Is Cautious About Investing in China
2013-09-23T15:34:30.806840-04:00https://www.thetrustedinsight.com/investment-news/1728-ontario-teachers-pension-plan-is-cautious-about-investing-in-china-20130923728/
The Ontario Teachers' Pension Plan, one of the world's biggest pension funds, opened its Hong Kong office with a note of caution about investing in China, saying lack of clear information could make i...
IDFC raises $644 mn for infrastructure fund
2013-09-23T13:32:18.708376-04:00https://www.thetrustedinsight.com/investment-news/1721-idfc-raises-644-mn-for-infrastructure-fund-20130923721/
IDFC Alternatives Limited has raised $644 million for its second India-focused Core Infrastructure Fund - India Infrastructure Fund II...
Twenty Years of PE: Lexington's Nicklas on Keeping it Private
2013-09-19T11:13:23.696765-04:00https://www.thetrustedinsight.com/investment-news/1688-twenty-years-of-pe-lexingtons-nicklas-on-keeping-it-private-20130919688/
As Private Equity Analyst celebrates two decades of coverage, we asked industry veterans to share their reflections on how the asset class has evolved and the challenges that lie ahead....
Dutch Pension Fund Manager Hires Permira Executive
2013-09-04T13:57:05.832070-04:00https://www.thetrustedinsight.com/investment-news/1526-dutch-pension-fund-manager-hires-permira-executive-20130904526/
Dutch pension fund administrator PGGM's expansion of its internal private equity team continues, with the addition of Wouter Snoeijers as a director of private equity investments...
Wisconsin Investment Board opts for 3 private equity funds
2013-08-28T14:33:33.573589-04:00https://www.thetrustedinsight.com/investment-news/1458-wisconsin-investment-board-opts-for-3-private-equity-funds-20130828458/
State of Wisconsin Investment Board, Madison, committed a total of $85 million to three private equity funds, according to a trustee report....
Public Funds Take Control of Assets, Dodging Wall Street
2013-08-20T10:48:13.029870-04:00https://www.thetrustedinsight.com/investment-news/1324-public-funds-take-control-of-assets-dodging-wall-street-20130820324/
The shift is motivated, in no small part, by the high fees and lackluster performance that many hedge funds and private equity firms have delivered to their biggest clients in recent years...
New Mexico commits $15m to Denham Capital Energy Coinvestment Fund
2013-08-07T14:46:22.103376-04:00https://www.thetrustedinsight.com/investment-news/1159-new-mexico-commits-15m-to-denham-capital-energy-coinvestment-fund-20130807159/
In the August 1st meeting of the New Mexico Public Employees Retirement Association, the firm committed $15 million to Denham Capital Management's DCPF VI Coinvestment fund.
Former Harvard PE Exec launches Private Equity Advisory
2013-07-25T11:19:34.431583-04:00https://www.thetrustedinsight.com/investment-news/970-former-harvard-pe-exec-launches-private-equity-advisory-20130725970/
TwinFocus Capital Partners announced that they have established a Private Equity Advisory Unit to focus in co-investment programs. TwinFocus Capital Partners is a globally focused investment advisory...