Wednesday, 6 May 2015
Last updated 2 hours 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…