Tuesday, 31 March 2015
Last updated 11 min ago
Mar 7 2008 | 7:30am ET
The $84.8 billion Washington State Investment Board recently committed up to $378 million to two multi-billion private equity funds.
Washington’s board has committed up to $150 million in Madison Dearborn Capital Partners VI, a $10 billion buyout fund targeting large, control transactions primarily in North American companies in the basic industries, communications, consumer, energy, financial services, real estate, and healthcare sectors. The fund will also opportunistically pursue large European buyouts in its target sectors and select growth equity investments in rapidly growing companies, mainly in the communications sector.
Washington is no stranger to Madison Dearborn having invested in all three of its prior funds.
The board also voted to commit up to €150 million (US$228 million) in Bridgepoint Europe IV, a €4 billion pan-European middle-market buyout fund, which will invest in middle-market companies in the retail, healthcare services, financial services, support services, leisure, and media sectors, primarily in the U.K. and Western Europe. This is the second Bridgepoint fund that Washington has invested in.
All told, the board has $13.4 billion allocated to private equity as of the end of December 2007.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…