PE Tech Report

Flows

Xylem invests $20m in VC funds

Global water technology company, Xylem (NYSE:XYL), has announced Limited Partner (LP) investments in venture capital funds Burnt Island Ventures and The Westly Group’s Funds III and IV, supporting the development of innovative water and industrial technologies. The combined $20 million investment across both funds forms a key part of Xylem’s

TMRS allocates $425m to PE investments

The Texas Municipal Retirement System (TMRS) is to allocate $425 million in investment commitments to private equity, according to a report by Private Equity International. Foundry 2022, Dunes Point Capital Fund III, and Tritium III have all been allocated $75 million, while Updata Partners VII and FTV VII have secured

PFR Ventures invests €22m in two private debt funds

PFR Ventures invested €22 million (PLN 100 million) into two private debt funds – Polish CVI and UK-based Beechbrook.  Both provide debt financing to companies. With this deal, PFR Ventures has broadened its PFR PE programme to include such funds. At the beginning of 2022, PFR Ventures’ portfolio has expanded

Illinois Municipal Retirement fund commits USD75m to new Valor fund

The Illinois Municipal Retirement Fund has committed USD75 million to Valor Equity Partners’ latest fund, according to a report by The Wall Street Journal.   The Chicago-based growth equity investor has set a maximum target of USD2.75 billion for the new flagship fund, having begun raising capital towards the end

Q&A

Asking the allocators

By Colin Leopold – Q&A with Ian Sandiford, Senior Portfolio Manager – Alternatives, Border to Coast Pensions Partnership, and Steffen Pauls, CEO Moonface…

Oregon commits USD250m to Vista Equity’s next flagship fund

Vista Equity has secured a commitment of USD260 million for its next flagship fund from the Oregon Investment Council, according to a report by BuyoutInsider. The private equity firm, which has been under the spotlight since boss Robert Smith, admitted to tax fraud in 2020, is said to targeting USD18-20

Wisconsin approves USD4.4bn in fresh alternatives commitments

Fresh capital commitments across hedge funds, private equity and real estate of USD4.4 billion have been approved by The State of Wisconsin Investment Board in Madison, manager of state retirement assets and other portfolios, according to a report by AlternativesWatch.

Wilshire Advisors selected as private debt consultant by CalPERS

Wilshire Advisors has been selected by the California Public Employees’ Retirement System as a consultant for the pension schemes’ private debt asset class, according to a report by Chief Investment Officer. The decision was made at CalPERS board meeting last week. Private debt was added as a new strategic asset

LACERA allocates USD400m of USD4.1bn pot to PE

The Board of Investments of the USD74 billion Los Angeles County Employees Retirement Association (LACERA) has allocated USD400 million out of a total investment pot of USD4.1 billion to private equity managers. That’s according to a report by AlternativesWatch which credits ‘a fund official’ for the information. LACERA was assisted

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