Abu Dhabi Investment Authority related stories
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Cambridge Associates sued by rival over performance calculationStarting with the second-quarter edition of its private equity index and benchmarks report, adviser Cambridge Associates published numbers that let investors compare the performance of private equity with public stock indices over a variety of time periods. Now rival Capital Dynamics says the calculation behind those numbers infringes one of its patents.
- Oaktree among investors in China Cinda's $2.5 billion HK IPO, say sources-Reuters
Oaktree Capital Group LLC, the world's largest distressed debt investor, is among a group of firms buying shares of China Cinda Asset Management Corp as part of its up to $2.5 billion initial public offering, sources told Reuters.
- Five Minutes with Antoine Dréan(2)
Sovereign wealth funds and large public pensions are shaking up the industry by increasingly seeking direct investments, says Antoine Dréan, founder of placement agent Triago and online platform Palico.
- Paul Capital loses business development manager
The departure of Anne Pearce, who worked at the secondary firm since 2005, follows principal Richard Chow, who left Paul Capital recently.
- Kester to leave Abu Dhabi Investment Authority
ADIA will announce a successor to James Kester, CIO of the private equities department, in the next few weeks.
- CalPERS Sets Sale Of Its Carlyle Stake
The California Public Employees’ Retirement System plans to sell its entire 4 percent stake in The Carlyle Group LP as the U.S. public pension fund plans its exit from the private equity manager after 12 years, sister news service Reuters reported.
Calpers to Sell its 4 Percent Stake in CarlyleThe California Public Employees' Retirement System registered to sell its 4 percent stake in Carlyle Group LP on Monday, one month after it moved to sell a quarter of its 8 percent stake in Apollo Global Management LLC, Reuters reported.
- Reuters - Apollo Investors and Founders to Sell Shares
Apollo Global Management's cornerstone investors and two of its founders are selling a slice of their shares, writes Reuters. Cornerstone investors Abu Dhabi Investment Authority and California Public Employees' Retirement System, which invested a combined $1.2 billion in Apollo in 2007, have each registered to sell stakes currently worth up to $203.4 million, writes Reuters.
Caledon Capital Is Ready for Its CloseupCaledon Capital Management has kept a low profile since its founding in 2006 by David Rogers, former head of private equity at Ontario Municipal Employees Retirement System. But that hasn't stopped it from growing to 17 professionals who work on behalf of seven clients, most of them Canadian and U.S. pension plans sized between $3 billion and $20 billion.
- Secondaries Special: Crowding the market
New entrants to the private equity secondary market are attracting talent and capital that was previously the sole preserve of dedicated secondaries investors. Graham Winfrey reports