Sam Sutton
The $6.5bn pension fund’s $500m commitment to AlpInvest is the fund of fund’s first since being acquired by The Carlyle Group in January.
KKR invested ‘hundreds of millions’ in a partnership called Weld North in 2010, which has made its first acquisition for a reported $50m.
Carlyle had reportedly been in talks to acquire the New Jersey-based energy-focused firm, which closed its $4.3bn second fund in 2010.
Carlyle had reportedly been in talks to acquire the New Jersey-based energy-focused firm, which closed on its $4.3bn second fund in 2010.
While asset allocation to private equity remains relatively low at 11%, half of those surveyed in a recent LPEQ and Scorpio Partners study plan to increase their holdings in the asset class in the next year.
The $37.3bn pension fund will invest 11% of total assets in private equity in 2012.
Amid rumours of Carlyle’s IPO, K2 Advisors would be the Washington, DC firm’s third hedge fund acquisition in the past year.
The firm has paid $44m for Vitro America, a Memphis, Tennessee-based glass manufacturer forced into bankruptcy by its creditors in November.
Gulf Credit Partners will launch its debut fund targeting $250m to $300m in September to meet a large demand for leverage, says Gulf CEO Karim El Solh.
The private equity firm continues to diversify its holdings, buying into a hedge fund group six months after its first foray acquisition in the space.