Monday, 30 November 2015
Last updated 16 min ago
Mar 6 2008 | 12:53pm ET
New York-based W Capital Partners, a secondary private equity fund investor, has closed its second fund at $700 million. Limited partners in W Capital Partners II include endowments, foundations, financial institutions, family offices, public pensions, private pensions and funds-of-funds worldwide.
W Capital Partners provides p.e. investors an exit for highly illiquid investments, in order to generate distributions to limited partners, reallocate resources into new strategic areas and eliminate follow-on capital requirements for portfolio companies.
“W Capital’s strategy fills an important component of CalPERS private equity program,” Joncarlo Mark, senior portfolio manager at the California Public Employees’ Retirement System, one of the new fund’s investors, said. “The firm is well positioned as a result of the current market volatility. We are pleased with W Capital’s development and performance over the past four years and are excited about our commitment to the new fund.”
Since 2001, W Capital has committed more than $1 billion in over 50 transactions and direct investments.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…