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Comvest Closes Sixth Flagship Fund

Private Equity Professional

Equity and debt investor Comvest Partners has closed its sixth flagship private equity fund, Comvest Investment Partners VI LP, with total capital commitments of $881 million. Fund VI received commitments from a range of limited partners including foundations, insurance companies, pension funds, asset managers, consultants and family offices.

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Palm Beach Beats Fund VI Target

Private Equity Professional

Palm Beach Capital has held an above target close of its sixth private equity fund, Palm Beach Capital Fund VI LP, with more than $350 million of capital exceeding its target of $275 million. Visit the site and log in/register to read.

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Shore Powers Up with New Capital

Private Equity Professional

Commitments for Shore’s three new funds came from the firm’s existing investors and select new limited partners, which include university endowments, financial institutions, pension funds, insurance companies, funds of funds, and family offices.

Capital 130
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New Study: Private Equity Delivers the Strongest Returns for Millions of Public Servants

American Investment Council

AIC’s findings back up independent studies showing the value of private equity to public pension funds. public pension funds representing nearly 34 million public sector workers and retirees. 88% – The share of public pension funds nationwide that invest a portion of their portfolio in private equity.

Returns 140
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Oklahoma Firefighters pension commits $20m to Schroders PE fund 

Private Equity Wire

The commitment to the co-investment fund of funds was confirmed by Troy Brown, managing director at Mariner Institutional, who serves as the fund’s investment consultant. It was approved during a board meeting on 17 May.

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Secondary market activity surges as US investors discount PE stakes

Private Equity Wire

US institutional investors are offloading their private equity holdings at slashed prices, reflecting a broader trend of reducing exposure to the illiquid asset class, with pension funds and endowments leading the charge, according to a report by the Financial Times.

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Northwall raises more than €640m for European opportunities strategy

Private Equity Wire

The fund and associated vehicles surpassed the €500m target, was supported by new and existing global institutional investors consisting of pension funds, insurance companies, large institutional single and multi-family offices and private banks from Europe, North America and APAC.