Fundraising

The California Public Employees’ Retirement System has issued two mandates seeking third-parties that could help the giant pension make its private equity portfolio more manageable.

The global private equity firm has unveiled total realisations of £1.82bn in its pre-close announcement.

The former London MD of AXA Private Equity’s fund of funds arm is understood to be joining the US-based firm to launch a European co-investment fund.

The Swiss private equity and hedge fund advisory group has garnered a €1.4 billion market capitalisation on its first day as a publicly traded company.

The private equity arm of the French insurer has announced the departure of three senior figures in its London and New York funds of funds teams, as well as a listing for the UK business.

Just six Israeli venture capital funds accounted for the bulk of fundraising last year, amid increasing appetite from foreign pension funds.

Fund formation partner Blair Thompson has resigned from the London-based law firm and will join UK mid-market private equity house TDR Capital.

The Northern European mid-market investor has closed its sixth private equity fund with commitments 25% higher than its predecessor.

The chairman and CEO of Citigroup Alternative Investments is the latest senior manager to leave a large firm to start an entrepreneurial venture of his own.

Sowood Capital Management, a fund manager founded by former managers of Harvard University’s endowment, has closed a $1.24 bn commodity private equity fund.