
Florida SBA Commits Over $1 Billion to Nine Managers
Funds go toward private equity, real estate, and distressed debt investments.
Funds go toward private equity, real estate, and distressed debt investments.
CEO/CIO Harris to renegotiate fees with endowment’s managers.
Buyout funds return strong over the long term.
Private equity, private debt are most well-received asset classes.
Discussions in preliminary stage, source says.
Recent months show improvement as industry recovers.
ACG New York survey shows most expect private-equity investments will outpace hedge-fund and venture-capital investments in 2H.
The trend may help introduce more transparency in these private markets since public plans are held accountable, firm says.
The fund seeks to add value by making property improvements and improving residential experiences.
Dry powder makes a steady jump to $246 billion.
Strong historical returns and booming investor interest in asset class allow for record raise.
Board also reallocates $1 billion within its portfolio.
Fund would be the largest ever to focus on the region and comes as rivals raise megafunds.
Managers see increase in negotiating leverage as investors flock to asset class.
One-fifth of global investors intend to increase their allocation to private equity in emerging markets in 2017.