Hollyport Capital Seeks $2 Billion for Secondary Deals

Hollyport Capital Seeks $2 Billion for Secondary Deals

Hollyport Capital, which focuses on acquiring stakes in older private-equity funds, is seeking $2bn across two vehicles to pursue the strategy as the market expands, documents presented at a public meeting of the Connecticut Retirement Plans and Trust Funds show....
PennSERS to put up to $350m in various alts funds

PennSERS to put up to $350m in various alts funds

Pennsylvania State Employees’ Retirement System, Harrisburg, approved four new investment commitments totaling up to $350m, confirmed Pamela Hile, spokeswoman for the $39bn system. At its Wednesday meeting, the system’s board agreed to commit up to $100...
Bain Capital closes $3bn fund for US real estate deals

Bain Capital closes $3bn fund for US real estate deals

Bain Capital Real Estate has closed a $3bn fund, nearly double its initial target, as investors bet that U.S. property deals will provide high yields and inflation protection, Bloomberg reported. Private equity firms have been hoarding dry powder to buy real estate,...
Hitachi Said to Weigh Options for $1.6bn Unit Stake

Hitachi Said to Weigh Options for $1.6bn Unit Stake

Hitachi is considering options to streamline its business including the potential sale of its minority stake in a transportation unit, according to people familiar with the matter. The Japanese conglomerate is working with a financial adviser to field interest for its...