Sam Sutton
Of the more than $5bn raised over the course of 2010, $4bn was dedicated to non-traditional private equity strategies, including infrastructure.
The fund manager’s addition to its Asia-Pacific team will help develop new relationships in Australia, an increasingly important source of capital, says Evercore's Richard Anthony.
The $26bn pension system appointed Jeffrey Burton to monitor its $6.5bn alternative investments portfolio less than two months after hiring Lauren Lenfest as managing director.
The $12.1bn pension system invested in ArcLight Energy Partners V, which is targeting $2bn for infrastructure assets in the energy sector. The fund has already raised $1.5bn, including $900m since May.
The Blackstone-backed firm’s largest fundraising to date is one of several Brazilian funds to break $1bn this summer. Patria typically targets buy and build strategies focusing on post-secondary education and services outsourcing.
The Washington, DC firm has made its first investments in the sector since launching its energy mezzanine capital business in January.
The energy infrastructure fund could receive a commitment of up to $50m from the $25bn retirement system.
Portfolio company-related fees like monitoring and transaction fees may increase misalignment of interests, according to a recent study.
After languishing for months, Boston-based ArcLight’s fifth fund appears to be on a marketing tear, having raised nearly $900m since May.
Carlyle had reportedly been in talks to acquire the New Jersey-based energy-focused firm, which closed its $4.3bn second fund in 2010.