The $126bn pension system wants to deploy $2.5bn for private equity over the next three years, part of its overall goal of committing $6bn to alternative investments in the same time period.
1 min read · 08 February 2013
The firm is raising its fourth flagship fund with a $4.7bn hard-cap to target distressed investments and buyouts.
1 min read · 08 February 2013
Ahmad Ali, who led the private equity programme since at least 2006, left in late February, just one in a host of leading LPs who have left their positions in the last year.
2 min read · 18 January 2013
Credit Suisse has published its first quarter report showing that limited partners have been working to build exposure to emerging markets and infrastructure funds.
2 min read · 18 January 2013
Under Steve LeBlanc’s leadership, the private markets programme expanded at a fast clip, with the system averaging ‘two to three’ investments per month.
3 min read · 18 January 2013
Scott Troeller, a senior deal-maker viewed by LPs as part of the next generation of leadership, has left ahead of the launch of the firm's fifth fund, which could happen in the fourth quarter.
2 min read · 18 January 2013
The firm has been working to expand its base of limited partners, including talking to institutions in Europe and the Middle East, and for the first time making a big effort to attract high net worth people and family offices.
2 min read · 18 January 2013
Questions have arisen about the benefits of private equity firms going public after the underwhelming debut of Oaktree Capital Management, prompting Blackstone president Tony James to explain recently the rationale behind his firm's IPO.
2 min read · 18 January 2013
Alfred Villalobos, a former CalPERS board member turned placement agent, and the pension system’s former CEO Fred Buenrostro, allegedly tricked Apollo into paying fees for fundraising work they claimed was approved by the pension, the SEC has charged.
4 min read · 18 January 2013
The M&A environment is shaky, growth in the emerging markets has slowed and LPs are putting more money into alternatives, according to the firm’s president, Tony James.
3 min read · 18 January 2013
