Sam Sutton
Cerberus acquired Guilford Mills for $107m in 2004, less than two years after the company emerged from bankruptcy.
The industry trade organisation has directed around $80,000 to politicians with influence on Congressional committees considering legislation that would affect private equity.
The $153bn retirement system may set a $500m maximum on individually managed accounts, according to an investment policy proposal.
Recent US Securities and Exchange Commission filings indicate the firm, led by Glenn August (pictured) has raised $770m as it shoots for a newly-increased $1bn target.
The position will be responsible for managing the $39bn endowment’s $5bn private market co-investment programme, which consists of private equity, infrastructure and other strategies.
The $12.78bn retirement system has invested $100m across five funds since its February meetings.
The University of Michigan unveiled investments in two recently closed vehicles at its meeting Thursday in addition to a $30m commitment to Stone Tower Capital, which was recently acquired by Apollo Global Management.
Tom Donovan, an eight-year veteran of Credit Suisse’s senior distribution team, will lead the placement agent’s efforts in North America.
The Blackstone Group’s ‘tactical opportunities’ business is targeting $3bn to $5bn, which will be raised through the formation of separate, customised accounts with limited partners.
The $24.7bn pension system will issue separate requests-for-proposals for an alternatives consultant and a real estate consultant, with plans to award new contracts by the end of the year.