Sam Sutton
Roughly three-quarters of California Public Employees’ Retirement System’s core private equity partnerships are using the Institutional Limited Partners Association’s template for fee and expense reporting, according to presentation documents the retirement system published on Nov. 7. The ILPA template, which the industry group unveiled this year, standardizes how fund managers report fund- and portfolio-company-related fees […]
Spark Capital slightly increased the management fee on its second growth capital fund, targeting $500 million, documents released by Los Angeles City Employees’ Retirement System show. Spark Capital Growth Fund II is charging limited partners a 2.5 percent annual management fee on committed capital in the first five years of the fund’s life, according to LACERS […]
Private equity executives made political contributions to unabashed liberals, pragmatic Democrats, Republican centrists and Tea Party favorites during the 2015-2016 election cycle. But even among that diverse coterie, the industry showed no love for Donald Trump. Political-contribution data compiled by Buyouts from a database maintained by the Center for Responsive Politics showed no donations from […]
California State Teachers’ Retirement System recently reviewed five of its general partners and found them “substantially compliant” with the terms set in their fund contracts. CalSTRS finished its review in June, a memo shows. The staff’s findings will be discussed at the retirement system’s Sept. 14 investment-committee meeting. “The results of the report provided reputable evidence […]
The Illinois Municipal Retirement Fund re-upped to healthcare industry specialist Versant Ventures at its Aug. 26 meeting. The $34.7 billion retirement fund committed $20 million to Versant Venture Capital Fund VI, according to its website. The commitment remains subject to completion of legal due diligence. Versant would not say how much it plans to raise through Fund VI. IMRF […]
The Institutional Limited Partners Association inked one of its largest endorsements this week, gaining the support of Teachers’ Retirement System of the State of Illinois for its fee-and-expense-reporting template.
One of UTIMCO’s newest board members, Ray Rothrock, abstained from a recent vote on a venture capital investment to avoid a conflict of interest.
The endowment's VC portfolio is valued at $1.37 billion, a recent investment report said
Louisiana Teachers’ private-market portfolio is poised to deliver negative cash flows for the first time since Q1 2012
The former treasury secretary holds more than a third of his net worth in PE assets and supports Hillary Clinton for president