Ts & Cs

One of the co-investors that participated in the transaction was The Texas State Board of Education, which oversees the Texas Permanent School Fund, and contributed $50m.

The California pension plan reported that its fund managers have realised $3.4bn in shared profits, a number that industry practitioners fear will be taken out of context by media outlets.

Strategic Partners purchased the legacy portfolio of Spice, formerly called APEN, in December for $192m.

Details of the Philadelphia-based firm's latest fund of funds vehicle, which can invest up to 20% in secondaries, were revealed in an October presentation to an investor.

Amendments to the UK's 2015 Summer Finance Bill were added to confirm certain taxes will not apply when fund managers dispose of their carried interest rights.

The guidelines, which are the standard of choice for private equity chief financial officers, were last published in 2012.

NEPC’s Q3 2015 poll shows that in response to high valuations and restricted access to top quartile managers, these investors are looking into co-investing.

John Chiang urges CalPERS and CalSTRS to work with him to 'mop up another private equity industry mess'.

Montana Capital was able to raise €400m in only 10 weeks as LPs are drawn to shorter-life funds.

In an increasingly crowded transactions market, the competitive edge is shifting to buyers with efficient transaction processes. Fadi Samman, a partner in the investment management practice at law firm Akin Gump, offers his tips for what investors should consider.