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The New York State Common Retirement Fund, currently the third largest pension fund in the United States with over $280 billion in assets, allocated over 75% of it $4 billion investment outlay in June to alternatives, according to a report by DailyAlts.
NB Renaissance and Chequers Capital are to sell the Biolchim Group (Biolchim), an Italy-based global producer and distributor of a specialty fertilisers, to JM Huber Corporation, one of the largest US family-owned companies whose products are used in a broad range of applications including agriculture, food and beverage, personal care, building materials and other.
eFront, BlackRock’s alternative investment management platform, has partnered with sustainability tech firm Clarity AI to enable GPs and LPs to generate quantitative sustainability assessments of alternative investment portfolios.
Through a simplified workflow, eFront is encouraging industry participation and help solve the gap of sustainability metrics outside publicly listed companies—fostering an ecosystem of communication across LPs, GPs, and PortCos.
LPs opting into the eFrontnow sustainability service will be able to access and extract Clarity AI ESG data related to their portfolios and utilise that data within their reporting. GPs will also be able to generate analytics and benchmarking at the company-,
Abris Capital Partners (Abris), an ESG transformation specialist private equity investor, has supported GreenGroup, a central European circular economy specialist, in acquiring UAB Ecso, a Lithuanian LDPE (Low Density Polyethylene) recycling company.
Part of an ambitious M&A strategy, this acquisition marks GreenGroup’s entry into the polyolefin recycling market and creates the platform for further expansion in this sector across the CEE region. Over the next few years, GreenGroup will invest EUR 150 million to EUR200 million to further consolidate its position as the largest integrated recycling group in CEE through capex investments and bolt-on acquisitions.
UAB Ecso is GreenGroup’s second
Pension funds are among those investors that sold a record $33 billion of private fund investments in the first six months of 2022, according to a report by The Financial Times.
Partly triggered by the recent steep decline in stock markets, investors are now selling stakes in PE and VC funds at the fastest pace on record, as the downturn in equities spreads to the private markets.
The report cites data from Jefferies as revealing that H1 sales of stakes in private funds jumped to $33 billion from $19 billion in the same period in 2021, with sales typically bine
QinetiQ US, a wholly owned subsidiary of QinetiQ Group and a leading defence company is to acquire Avantus Federal (Avantus) from NewSpring Holdings for an enterprise value of $590 million.
The combination of QinetiQ US and Avantus will create a powerful growth platform to address the complex and large scale intelligence and defense challenges government customers face today. The closing of the acquisition is subject to customary conditions, including regulatory approvals, and is expected to close by end of calendar year 2022.
Avantus is a provider of mission-focused cyber, data analytics, and software development solutions to the Department of Defense,
An affiliate of CenterGate Capital (CenterGate), an Austin-based private equity investment firm, has made an investment in Prisma Graphic (Prisma), a marketing solutions provider that offers a range of technology-enabled marketing logistics functions for enterprise customers.
Established in 1980 and headquartered in Phoenix, AZ, with an additional location in Nashville, TN, Prisma provides custom commercial printing, data analytics-driven direct mail services, packaging, and brand management for customers in a variety of end markets across the US. Prisma has built a strong reputation for customer service through its high-touch approach and proprietary software platform.
CenterGate Capital was represented by McDermott Will
Senate Democrats have a provision in forthcoming US climate and tax legislation that would allow the carried rate interest loophole to be closed or at least narrowed, according to a report the New York Times.
Carlyle is to acquire a controlling stake in Ocmis Group (Ocmis), a manufacturer of advanced irrigation systems for the agricultural market, partnering with historical shareholders including the Montorsi family and the management team.
Equity for the investment will be provided by Carlyle Europe Partners V (CEP V), a €6.4bn fund investing in European opportunities across a range of sectors and industries.
Founded in 1970 and headquartered in Castelvetro di Modena, Italy, Ocmis designs, manufactures and sells a comprehensive range of technologically advanced sprinkling irrigation solutions and related accessories for use in the agricultural sector.
Carlyle will seek to continue
The Carlyle Group Inc is making changes in its executive leadership team. Chief executive officer Kewsong Lee’s five-year employment agreement is coming to a close at the end of 2022 and both the company’s board of directors and Lee have mutually agreed that the time is right to initiate a search for a new CEO for the global investment firm.
Lee has stepped down with immediate effect but will be available as needed to assist in a transition during the months ahead. The Board has appointed William Conway, co-founder, current non-executive co-chairman of the Board, and former co-CEO, to serve
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