Asset Allocation
Abu Dhabi’s Mubadala, PE Firm Kohlberg Take Over US Pharma Firm
The Philadelphia-based PCI Pharma Services is looking to expand operations in Asia and greater Europe.
Tag: Private Equity
Newsmakers
CalPERS CIO Ben Meng’s Departure Linked to Questions on His Financial Disclosure
At issue: allegations of unreported stock transactions and also his holdings in three private equity firms the plan invested in, including Blackstone and Carlyle.
Alternatives
Private Equity Investments Withstand COVID-19 Slowdown
Survey finds pandemic has had little effect on capital structure of private equity funds.
Risk
SEC Warns Private Equity Conflicts of Interest Can Harm Investors
Alert of higher fees charged comes as Department of Labor clears way for PE in 401(k)s.
Asset Management Culture
Majority of Insurers Confident in Asset Managers During Downturn
They’re also upping their allocations into alternatives, such as private equity and private credit, says a State Street survey.
News
LPs Are Placing Fund Commitments on Hold and Engaging in Secondary Transactions More Often
A canvass of LP sentiment from Brackendale finds new trends in transaction styles, accommodations for COVID-19, and an affinity for thorough disclosures from general partners.
Pensions
Pennsylvania SERS Loses 11.69% in Q1
Tumbling equity markets helped weigh down retirement system’s returns.
Alternatives
PE-Related Bankruptcy Filings Soared in May
Too much debt and the virus economic slide harmed companies such as Hertz and J. Crew.
Market Moves
Don’t Get All Excited by the Green Light for PE in 401(k)s
Private equity isn’t always a market beater and charges high fees. Besides, it’ll be confined to larger investment pools, like target-date funds, which limits its impact.
Regulation
Ares Management to Pay $1 Million to Settle SEC Charges
SEC says private equity firm failed to enforce potential misuse of material nonpublic information.
How Pension CIOs Are Dealing With the Pandemic Storm
Handling asset rebalancing, maintaining board relations, and dealing with outside managers with big ideas are important items on plan managers’ agendas.
Longtime Monarch Private Equity Gets Its Crown Knocked Off
Prospects for exits, money-raising, and new deals dim amid the scary economic slide.
Alternatives
CAIA Clears Path for Democratization of Alternative Assets
The Chartered Alternative Investment Analyst organization cites the key attributes the alternative asset industry must improve upon to become more accessible.
Alternatives
Coronavirus a Boon for 2018/2019 Private Equity Vintage Funds
New funds will acquire portfolio companies at bottom of price curve.
Alternatives
NY State Pension Invested $2.7 Billion in Alts Just Before Market Tanked
The $210.5 billion fund invested more than $2.2 billion in private equity and no money in public equities.