The bank’s Strategic Partners team sweetened terms on its fifth secondaries fund, including not only committed capital, but fees and expenses that must be paid back to LPs, plus an 8% return, before the GP collects carried interest.
4 min read · 14 January 2013
The New York State Thruway Authority is seeking a $2bn loan to cover a third of the Tappan Zee Bridge rebuild project. As a design-build process unfolds, private sector participation still appears possible.
2 min read · 15 January 2013
The New York State Thruway Authority is seeking a $2bn loan to cover a third of the Tappan Zee Bridge rebuild project. As a design-build process unfolds, private sector participation still appears possible.
2 min read · 15 January 2013
The New York State Thruway Authority is seeking a $2bn loan to cover a third of the Tappan Zee Bridge rebuild project. As a design-build process unfolds, private sector participation still appears possible.
2 min read · 15 January 2013
After building a historic $3bn customised relationship with the Texas Teachers’ Retirement System, the firm is talking to institutions around the world about similar opportunities.
4 min read · 14 January 2013
The US law firm is beefing up its personnel and looking to broaden its infrastructure offering – co-chaired by Patrick Harder (pictured) – with airport and seaport legal advice. Nossaman is also adding people with energy infrastructure experience.
2 min read · 15 January 2013
Since taking the helm at CalPERS in early 2009, CIO Joseph Dear has made it clear he considers private equity a crucial part of its investment strategy. But things haven’t been business as usual: he’s taken fund managers to task over alignment of interest, led an overhaul of the pension’s allocation model, sorted out the aftermath of a ‘pay-to-play’ scandal and hired a veteran private equity chief. Amanda Janis stops by Dear’s office in Sacramento to learn how CalPERS continues to find value in private equity
10 min read · 14 January 2013
The process of fund managers complying with new disclosure requirements has been more complicated than many in the industry would have thought. PERE Magazine, February 2012 issue
10 min read · 14 January 2013
Since taking the helm at CalPERS in early 2009, CIO Joseph Dear has made it clear he considers private equity a crucial part of its investment strategy. But things haven’t been business as usual: he’s taken fund managers to task over alignment of interest, led an overhaul of the pension’s allocation model, sorted out the aftermath of a ‘pay-to-play’ scandal and hired a veteran private equity chief. Amanda Janis stops by Dear’s office in Sacramento to learn how CalPERS continues to find value in private equity
10 min read · 14 January 2013
Since taking the helm at CalPERS in early 2009, CIO Joseph Dear has made it clear he considers private equity a crucial part of its investment strategy. But things haven’t been business as usual: he’s taken fund managers to task over alignment of interest, led an overhaul of the pension’s allocation model, sorted out the aftermath of a ‘pay-to-play’ scandal and hired a veteran private equity chief. Amanda Janis stops by Dear’s office in Sacramento to learn how CalPERS continues to find value in private equity
10 min read · 14 January 2013
