Ex-OMERS, Charlesbank execs team to launch PE firm

George Barsness, a dealmaker who recently served as a managing director for OMERS Private Equity, has teamed up with John Keeney, a fundraiser who recently served as a managing director of investor relations at buyout shop Charlesbank Capital Partners, to form a new investment firm.

Based in New York City and San Francisco, Grandview plans to cut equity checks of $50 million to $200 million to acquire companies in business services and technology. Barsness and Keeney began serving as partners at the firm this fall, according to their LinkedIn profiles.

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Big Moves: New Mexico ERB, H.I.G. Capital, Gemspring Capital

The following Big Move! items appeared in the July 10 edition of Private Equity Career News:

Big Move! New Mexico Educational Retirement Board promotes Stephen Neel to CIO. Neel previously served as deputy CIO, working on an alternative investment portfolio that accounts for about half of the pension fund's $20 billion in assets. Before joining in 2006, Neel underwrote investments for a Fortune 500 homebuilder.

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Gemspring, Peak Rock show why CalPERS loves emerging managers

Emerging managers have generated tremendous profits for California Public Employees’ Retirement System, amply justifying the pension fund’s recent faith in them, an analysis by Private Equity Career News shows.

An analysis of 54 PE emerging managers backed from roughly 2007 to 2018 on behalf of the $504 billion pension fund by money manager GCM Grosvenor shows they generated a median net IRR of 14.5 percent as of September 30. All told, GCM Grosvenor committed $895 million to the bunch.

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Industrials deal-maker leaves Cerberus along with two other managing directors

At least three managing directors at Cerberus Capital Management, one who led industrials deal-making, two others who worked on fundraising and investor relations, have left the value investor over the last several months for new roles with different firms.

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