Arkansas Teacher Adds Sycamore Private Equity Fund

Jun 12 2012 | 11:23am ET

Private equity shop Sycamore Partners has $35 million more to play with, thanks to the Arkansas Teacher Retirement System.

The $11 billion public pension picked the strategy with the assistance of private equity consultant Franklin Park. Sycamore Partners Fund I is a small- and mid-cap retail turnaround fund, and Arkansas Teacher’s first investment with the firm.

Separately, the pension fired Knight Vinke Asset Management, which had run $50 million for it. But the termination, while performance-based, may be temporary: Executive director George Hopkins told Pensions & Investments it could re-up with the activist shop if the European market improves.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...

 

From the current issue of