Amanda Janis
The world’s largest 300 pension funds grew by nearly 12 percent last year, with assets hitting $10 trillion for the first time, a study has found.
US pension giant CalPERS has launched a €400 million, Europe-focussed buyout initiative, to be managed by the private equity division of Scotland-based investment manager Standard Life Investments Group.
Former First Reserve director Craig Jarchow has been hired by Pine Brook Road, the New York firm led by former Warburg Pincus vice chairman, Howard Newman.
US- and Japan-focussed venture firm Globespan Capital has closed its fifth fund on $380 million.
Snow Phipps Group has closed its first fund on $620 million, exceeding its $500 million target.
US investment bank Lehman Brothers has reportedly hired Jeb Bush, the US President’s brother, to advise its private equity business.
Energy-focussed private equity firm First Reserve will receive $455 million for Ohmstede, a refinery services company it acquired 14 months ago.
CalSTRS may follow in the steps of crosstown rival CalPERS, selling portions of its portfolio through the secondary market. Last month its board approved this – and two other – significant policy changes.
Goldman Sachs’ director of media relations for the Americas, Peter Rose, is moving to Blackstone, where he’ll focus on public affairs.
Goldman’s Urban Investment Group, along with Pharos and Haas Wheat, purchased healthcare staffing company Nursefinders from Gryphon for an undisclosed amount.