California Public Employees' Retirement System related stories
All articles and analysis
Side Letter: PE's fossil fuel engagement; MainePERS' allocation cuts; Mercury's A$1bnWelcome back! We hope you had a restful break. In today's brief, Capital Dynamics explains why net-zero pledges and fossil fuel investments don't need to be mutually exclusive. Plus: MainePERS takes the rare step of proposing an allocation decrease for private equity. For our valued subscribers only.
Side Letter: PE's shared ownership shake up; GPs promise carry; Pemberton's NAV hireA group of private equity heavyweights have thrown their weight behind a movement promoting employee ownership. Plus: a former 17Capital partner has resurfaced and GPs are getting generous with carry on the hiring trail. Here's today's brief, for our valued subscribers only.
Side Letter: Alaska's Russian PE exemption; OMERS shake up; Rhône's raiseAlaska's House of Representatives appears to recognise the difficulty in divesting Russian assets held in commingled funds. Plus: More changes at the top for OMERS PE and Rhône Group has closed its latest fund below target. Here's today's brief, for our valued subscribers only.
CalPERS’ Kim: ‘Imagine if PE-backed companies reported different profitability metrics’The US pension’s lead PE director told conference delegates that unstandardised reporting holds back ESG as a tool for risk assessment.
Side Letter: Europe's black swan; CalPERS goes 'all-in' on PE; emerging markets' record numbersMore volatility in store for private equity portfolios as Russia invades Ukraine. Plus: Why CalPERS' choice of new CIO suggests the institution is ready to go 'all-in' on PE. Here's today's brief, for our valued subscribers only.
Who is CalPERS' new CIO?Nicole Musicco, an OTPP veteran, brings a track record of direct investing to the Californian pension looking to increase its exposure to the area.
Why the SEC's proposals could fuel PE's love affair with SMAsSeparately managed accounts could stand to win from the US regulator’s bid to promote transparency around preferential fund terms.
Morgan Lewis partners unravel SEC’s ‘earth shattering’ proposalsRecent SEC proposals could upend practices that have been 'widely accepted for decades in the PE industry', says Morgan Lewis partner Jedd Wider.
CalPERS eyes another $10bn-plus to private equity as it works towards its targetThe US's largest public pension deployed $12.3bn to PE last year, its second straight year of $10bn-plus deployment.
Side Letter: Emergency exits; Apollo's $25bn target; POBA's new CIOGPs are seeking greater downside protection amid a more challenging exit environment in China. Plus: Apollo is seeking $25 billion for its latest mega-fund and Korea's POBA has named a new CIO. Here's today's brief, for our valued subscribers only.