IPI Partners raises $3.8 billion with a second infrastructure fund Thursday, April 15, 2021
Laxman Pai, Opalesque Asia:
Global investment platform IPI Partners has wrapped up its second flagship private equity fund after securing $3.8 billion from investors, with plans to target data centers and other connectivity-related investments, the firm said.
A press release from the joint venture of ICONIQ Capital and Iron Point Partners pointed out that the fund acquires, develops, leases, and operates data centers.
With the closing of IPI II, IPI has raised more than $5.25 billion in total equity capital commitments since its inception, it said. IPI s second fund attracted demand well over its target, reflecting strong support from a global institutional investor base.
IPI Partners raises $3.8 billion with second infrastructure fund
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IPI Partners, a joint venture of ICONIQ Capital and Iron Point Partners, held a final close of its second infrastructure fund, IPI Partners II, at $3.8 billion, a spokeswoman confirmed.
The fund acquires, develops, leases and operates data centers.
Investors in the fund include the $40 billion Connecticut Retirement Plans & Trust Funds, Hartford; the $24 billion Louisiana Teachers Retirement System, Baton Rouge; the $9.5 billion Rhode Island Employees Retirement System, Providence; and the $27.4 billion New Mexico State Investment Council, Santa Fe; and the $1.4 billion University of Alabama System, Tuscaloosa, Ala.
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Buyout firm Genstar raises nearly $12 billion for tenth midmarket fund Tuesday, April 06, 2021
Laxman Pai, Opalesque Asia:
San Francisco-based Genstar Capital has raised about $11.7 billion for its tenth flagship fund - Genstar Capital Partners X.
The private equity manager, which is focused on investments in financial services, healthcare, industrials, and software industries, said in a press release that the latest middle-market buyout fund had $10.2 billion in limited partner commitments and $1.5 billion in overage capacity commitments from selected limited partners.
The fund reached its hard cap and was significantly oversubscribed, closing less than four months after its official launch in December 2020. The announcement comes less than two years after the buyout firm raked in $7 billion for its ninth fund.
Genstar Capital raises nearly $12 billion with latest buyout fund
Genstar Capital raises nearly $12 billion with latest buyout fund
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Genstar Capital has closed Genstar Capital Partners X at its hard cap of about $11.7 billion.
The private equity manager s latest middle-market buyout fund had $10.2 billion in limited partner commitments and $1.5 billion in overage capacity commitments from selected limited partners, a news release said Monday.
The prior fund, Genstar Capital Partners IX, closed at $7 billion in 2019.
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Louisiana Teachers rehires Mondrian as small-cap manager
Pension plan also commits up to $195 million to 4 alts funds
Mondrian Investment Partners to run up to $325 million in active international small-cap equities, said Dana T. Brown, director of public markets.
The $23.5 billion pension fund issued a solicitation of proposals in January for two managers to split a $650 million portfolio of the asset class due to the impending March 31 expiration of contracts for Mondrian and Dimensional Fund Advisors, which evenly split the portfolio.
The pension fund s investment committee will conduct interviews with finalists American Century Investments, Driehaus Capital Management and Oberweis Asset Management for the other half of the portfolio at its April 8 meeting. Dimensional did rebid for the services, Mr. Brown said.