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USS hires CalSTRS veteran to lead private equity

The UK’s Universities Superannuation Scheme has appointed Robert Ross, a senior private equity investment manager at the California State Teachers’ Retirement System, to oversee its private equity…

  • Robert Ross joins USS to lead private equity portfolio.
  • Former CalSTRS veteran appointed in September.
  • Expands USS's private markets capabilities.

Thoma Bravo offers lenders sweeping concessions as software debt comes under pressure

Thoma Bravo has agreed to a wide range of lender protections to secure a two-year extension for roughly $5bn of debt at cybersecurity software company Proofpoint, highlighting the growing leverage…

  • Thoma Bravo extends $5 billion in debt for cybersecurity firm Proofpoint
  • Negotiated 40 changes to loan documentation, including stricter borrowing limits
  • Lenders gain quarterly meetings with management and asset transfer safeguards

More from Wednesday 26 August →