Thursday, 26 February 2015
Last updated 3 hours ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…