Venture capital has wallowed through nearly a decade of difficult returns and sluggish fundraising. The decision by the California Public Employees’ Retirement System to largely abandon new commitments to venture funds will likely prolong the agony.
3 min read · 09 August 2012
Georgia’s public pensions, long prohibited by state law from investing in alternative investments like private equity, may now be closer to allowing such investments.
2 min read · 01 March 2012
America’s largest and most influential pension fund has laid down the law on all private equity firms hoping to stay in its good graces or land new commitments. The $235 billion California Pubic Employees Retirement System has told private equity firms that from March 1, 2012 forward, they will have to comply with its new ILPA-style terms on capital calls and distributions. Or else.
2 min read · 28 February 2012
2 min read · 11 February 2011
1 min read · 07 February 2011
