Florida State Board of Administration parcels out $2.6 billion
Board also terminates 3 equity portfolio managers
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Florida State Board of Administration, Tallahassee, disclosed $2.6 billion in manager hires, commitments and investments in the first quarter, said John Kuczwanski, communications manager, in an email.
Within its global equity asset class, the board, which oversees a total of $245.8 billion, including the $193.2 billion Florida Retirement System, hired
Wellington Management to run $420 million in active domestic large-cap core equities, and hired
Clarivest Asset Management,
Wells Capital Management to run $400 million each in active international small-cap equities.
Also during the first quarter, the board terminated QMA from an $834 million active domestic large-cap value equity portfolio, and also terminated AQR Capital Management and Dimensional Fund Advisors from active international small-cap equity portfolios with assets of $375 million and $367 mil
Florida State Board of Administration, Tallahassee, disclosed $2.6 billion in manager hires, commitments and investments in the first quarter, said John Kuczwanski, communications manager, in an email.
Within its global equity asset class, the board, which oversees a total of $245.8 billion,…
Peak Rock Capital hits a $2bn hard cap for its third flagship fundraise Thursday, April 08, 2021
Laxman Pai, Opalesque Asia:
The middle-market private investment firm Peak Rock Capital has closed its third flagship fund Peak Rock Capital Fund III at its $2 billion hard cap, substantially exceeding its target of $1.3 billion.
The Austin, Texas, firm said in a press release that its predecessor fund, Fund II, closed on $1.3 billion of commitments in 2017, and its inaugural fund closed on over $700 million in 2013. Fund III will continue Peak Rock s successful strategy of focusing on making investments in middle-market companies where Peak Rock can support senior management to drive rapid growth and profit improvement through operational and strategic initiatives, said the release.
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AUSTIN, Texas, April 7, 2021 /PRNewswire/ Peak Rock Capital LLC ( Peak Rock or the Firm ), a leading middle-market private investment firm, today announced the final closing of Peak Rock Capital Fund III LP and its parallel funds (collectively, Fund III or the Fund ). Fund III substantially exceeded its target of $1.3 billion and was over-subscribed, closing at its hard cap on $2.0 billion of limited partner commitments. Peak Rock s predecessor fund, Fund II, closed on $1.3 billion of commitments in 2017 and its inaugural fund closed on over $700 million in 2013.
Fund III will continue Peak Rock s successful strategy of focusing on making investments in middle-market companies where Peak Rock can support senior management to drive rapid growth and profit improvement through operational and strategic initiatives. Peak Rock has developed a particular expertise in corporate carve-outs and partnering with families and founders seeking fir
Peak Rock surpasses fundraising goal with latest middle-market fund
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Peak Rock Capital has closed middle-market private equity fund Peak Rock Capital Fund III at its $2 billion hard cap, a spokeswoman said Wednesday in an email.
Peak Rock s third fund exceeded its $1.3 billion hard cap and was over-subscribed. It is also 54% larger than its predecessor that closed in 2017 $1.3 billion Peak Rock Capital Fund II.
Investors in the fund include the $155.2 billion Texas Teacher Retirement System, Austin.
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