LPs - how and why

on the website of HIG Capital, one of the bigger PE funds, they list a bunch of their investors ("Our investors include some of the world's leading investment banks, financial institutions, pension funds and endowments.")

On that list are a couple usual suspects ... university endowments, teachers pension funds. But why would Goldman Sachs be interested in being a passive contributor to someone else's PE fund? Or Wachovia Corp?

http://www.higprivateequity.com/Investors.php?id=…

Allianz AG

Deutsche Bank

GE Capital

Goldman Sachs

Liberty Mutual

Massachusetts Institute of Technology

Morgan Stanley

PNC Equity Management

Rho Capital Partners, LLC

Teachers Insurance and Annuity Association (TIAA)

Wachovia Corp.

Wilshire Associates

Yale University

 

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