Annabelle Ju
Based in New York, Annabelle Ju covers North American institutional investors and fund regulation as the US Private Equity Reporter for Private Equity International and private funds management. She previously reported on market structure at Bloomberg and obtained her Master of Science degree from Medill School of Journalism at Northwestern University.
The pension plan expects that the mining process, which begun in August and is being overseen by an external auditor, will be completed by June.
The UC Board of Regents will up its PE allocation for its $9.9bn endowment at the expense of public equities and fixed income, but said it will take its time and doesn’t want to ‘just fill a box’.
A LACERS board member says there is ‘nothing more important’ than focusing on emerging managers in its private markets investing.
The firm is planning to establish an office in Argentina this summer, following the appointment of a president for its Latin American operations last year.
The new recruit, who has previously worked as a private equity investor at Oregon State Treasury, replaces Terrence Purcell, who left the Connecticut pension fund in July 2015.
The firm is currently fundraising for Genstar Capital Partners VIII, which is likely to close by the end of Q2.
A former fund of funds manager has claimed over $30m in damages due to PCA’s allegedly wrongful recommendations made to CalPERS about the firm.
The Canadian pension fund successfully sold several portfolio companies to private equity firms last year.
Vista Foundation Fund III charges three different levels of carried interest, depending on its return multiple.
The approval comes as CalPERS’s existing consultant, Pension Consulting Alliance, resigned in a letter dated 13 March.