Teddy Grant
Catering company Vermaat of the Netherlands has thrived in the highly competitive food niche under the guidance of Partners Group.
The board approved a $100m commitment to the New Mexico Recovery Fund, managed by private equity firm Sun Mountain Capital.
“It might not be because of the coronavirus directly, but certainly because of all that’s being done to prevent or slow the spread of it”
New York-based company invests at least $75 million in companies, with a target investment range of $150 million to $750 million.
Most LPs expect private equity returns greater than 5 percent.
The system's private equity portfolio sits at $1.3 billion.
Institutional investors are placing strong bets on the North American market.
The system already committed $50 million to the fund in September.
Private markets make up $1.36 billion of the system's portfolio
The system made almost half a billion dollars in private equity commitments in Q4.