Month: October 2024

Jay-Z’s LA firm secures $100M+ for venture, growth equity

MarcyPen Capital Partners, a just-formed early and growth-stage investment firm part-owned by rapper and investor Jay-Z and co-led by an advisor to former President Barack Obama, has raised more than $100 million for a private equity fund.

Los Angeles-based MarcyPen Capital Partners has raised at least $100.6 million of a targeted $250 million for its MarcyPen Opportunities Fund II LP, a regulatory filing from October shows. The firm has raised at least $35.8 million for a related fund. The funds counted 29 and 4 investors, respectively.

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Big Moves: University of Florida Investment Corp, Vector Capital

The following Big Move! items ran in the November 1 free edition of Private Equity Career News:

Mark Baumgartner in January plans to take the reins of the University of Florida Investment Corporation as its next CEO and chief investment officer. Baumgartner, who will be responsible for managing $6 billion-plus in assets, most recently served as chief investment officer for the family office of hedge fund manager Ray Dalio.

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QIC creates new PE role in San Francisco office

Australian money manager Queensland Investment Corporation, or QIC, has created a new role of associate for its San Francisco office.

The new associate would work on co-investments and primary fund commitments as part of a "close-knit" team of some five PE professionals, according to the job ad. Along with San Francisco, QIC Private Equity employs 26 people in offices in Brisbane, Australia; Copenhagen, Denmark; and London. Together they manage more than AUD $9 billion (about $6 billion) in private equity assets.

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LACERA to hire professional to oversee $13B PE portfolio

The Los Angeles County Employees Retirement Association plans to hire an investment officer to oversee its $13 billion private equity portfolio. It's one of several plum pension positions that have opened up on the West Coast in recent months.

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Big Moves: AEA Investors, Monroe Capital, UTIMCO

Kaitlin Bilby joins New York City-based buyout firm AEA Investors as head of communications, according to her Linkedin profile. Bilby previously served as director of communications at private credit firm TPG Angelo Gordon.

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TZP Group loses at least three senior execs in recent months

Fundraising and investor relations specialist Travis Escobedo has left buyout firm TZP Group to lead capital formation efforts at secondary buyer New 2ND Capital, making him at least the third senior executive to leave the firm in recent months.

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Corinthian Capital opens search for deal associate: Sponsored

Corinthian Capital, which prides itself on helping entrepreneurs take their companies to the next level of success, seeks to hire an associate to join its New York City-based deal team. It’s an opportunity to join a well-oiled deal machine as the firm gears up to celebrate its 20th anniversary.

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Spin-out of Industrial Growth Partners hires William Blair for debut

Cogenuity Partners, started last year and led by former executives at Industrial Growth Partners, has hired investment bank William Blair to help raise money for a debut fund.

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NYC multi-family office with open positions raises trio of fofs

Multi-family office BBR Partners, which has several openings on its staff, has raised more than $290 million across three 2024-vintage funds of funds targeting private equity, real assets and absolute return strategies.

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Big Moves: Arctos, Monroe Capital

The following Big Move! items appeared in the October 18 edition of Private Equity Career News:

Barry Griffiths joins Dallas-based sports-focused buyout firm Arctos as a senior advisor to support its research, data science and risk management efforts, according to his Linkedin profile. Griffiths earlier in his career served as a partner at secondary buyer Landmark Partners, where he did groundbreaking research on PE performance measurement. Most recently he has worked as founder at Private Market Metrics.

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