Since launching its online PPM portal in 2010, CalPERS has received almost 2,000 fund proposals and has funded seven of them – investment vehicles that disclosed paying about $1.8m in placement fees.
3 min read · 06 January 2013
Antoine Dréan, CEO of placement agency Triago, has created a new online market to match LPs and GPs for fundraising, secondary and co-investment opportunities.
3 min read · 06 January 2013
The Kauffman Foundation, a $1.8bn institution, believes the model of the LP/GP partnership is flawed and LPs are to blame for being ‘seduced’ by ‘misleading’ performance data.
3 min read · 06 January 2013
The C$55bn Canadian pension system is trying to sell a portfolio of funds from managers including KKR, Apax, Hellman & Friedman and TPG.
2 min read · 06 January 2013
KKR co-founder George Roberts is ‘optimistic’ about the future of the US, especially as technologies like the extraction of natural gas from shale rock help boost growth. Europe is a different story.
2 min read · 06 January 2013
DiNapoli, the comptroller of New York State, has been running media tours of companies in his private equity portfolio – showing off the scrappy young companies its money is helping to grow
3 min read · 06 January 2013
A formerly unified LP universe is dividing based on those building customised accounts and those sticking to the traditional fund commitment route, Hamilton Lane CEO Mario Giannini said.
3 min read · 06 January 2013
The pension system, with $144.8bn in assets, is altering its private equity investment policy to allow for investments in separately managed accounts, a model that appears to be gaining popularity among large institutions.
2 min read · 06 January 2013
Europe tops the list of issues LPs are thinking about this year, along with the growing threat of ‘zombie funds’ and reputational risk brought on by the US Republican primary election.
3 min read · 06 January 2013
The $69bn state pension has sold stakes in funds run by GTCR, Apollo, Carlyle, Oaktree, TPG, Wayzata, Black Diamond Capital Management, Credit Suisse and THL as it works to shrink the size of its portfolio to make it more manageable.
2 min read · 06 January 2013
