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Illinois Teachers chalks up $1.3 billion in investments, commitments pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.
Charlesbank Closes 10th Flagship Fund at $3.75B Charlesbank Capital Partners has completed fundraising for its latest flagship private equity fund, Charlesbank Equity Fund X LP, reaching the hard cap of $3.75 billion less than six months after launch. Concurrently, the firm closed on an $800 million companion vehicle, Charlesbank Equity Fund X Overage Fund, which will enable Fund X to include investments requiring larger amounts of capital. Charlesbank’s previous flagship fund, Fund IX, closed on total commitments of $3 billion in 2017. “While the market landscape is dynamic and ever-changing, we believe the ingredients for generating strong returns remain largely the same: rigorous discipline rooted in fundamentals, a consistent team united by a deeply ingrained culture of collaboration, and an agile and forward-thinking model driven by deep pattern recognition in our target sectors,” said ....
Jimmy’s Cookies Buys Ecce Panis from Campbell Soup Jimmy’s Cookies has acquired Ecce Panis Inc., an artisan bread brand from the Pepperidge Farm division of Campbell Soup Co. and its bakery operations located in South River, New Jersey. Ecce Panis is a premium brand of hand crafted, stone baked gourmet artisan breads and rolls that are sold to consumers through the in-store bakeries of leading retailers and grocery chains across the country. The par-baked frozen breads and rolls are shipped to customers where the baking process is finished within their in-store bakeries. Howard Hirsch Jimmy’s CEO said, “The addition of the Ecce Panis brand is consistent with our strategy to drive growth through expanding and diversifying our product line. Artisan breads represent a fast-growing segment of the bakery category and will complement our cookie business, providing customers with a full range of premium baked goods.” ....
Florida State Board earmarks $1.9 billion for 12 managers pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.
Los Angeles F&P to issue call for private credit, bank loans Print Los Angeles Fire & Police Pensions board on Thursday voted to launch two RFPs, one for a private credit fund manager and another for a syndicated bank loan portfolio manager, said Ray Ciranna, general manager, in an email. Officials at the $27 billion pension fund are conducting the search as a result of a new 2% private credit allocation adopted in June. Since it can take at least two or three years for a private credit fund portfolio to reach its target allocation, staff recommended the plan create a leveraged syndicated bank loan portfolio to quickly provide exposure to private credit, generate income and eventually fund the private credit fund portfolio, according to a memo to the board. ....