California Public Employees' Retirement System related stories
All articles and analysis
Side Letter: Insight eyes secondaries; Fidelity jumps into PE; Eurazeo fundraisingTech giant Insight Partners wants more freedom to pursue secondaries opportunities. Plus: Fidelity becomes latest asset management giant to stick a finger in the PE pie, and Eurazeo is rolling out new funds. Here's today's brief, for our valued subscribers only.
Story of the Year: Did they really say that?Representatives from Blackstone, CalPERS and PSERS were among this year’s most quotable denizens of private equity.
Story of the Year: CalPERS investment chief stuns with resignationBen Meng stepped down from his post in August, only weeks after announcing a long-term plan to introduce more leverage and push further into private equity and private debt.
Side Letter: Temasek departure, Gulf's new IR chief, CalPERS questionsTemasek's European fund and co-investment chief has left the giant asset manager. Plus: Asian investment outstrips divestment, Gulf gets a new IR chief, and more.
Side Letter: Brookfield mega impact plan, Manulife mission, carry tax debate to reigniteApologies for stating the obvious, but covid-19's impact on the industry will be multi-faceted and cannot be overstated. One effect is the catalysis of thinking around impact investing (see Brookfield's predictions and our special report below). Another is the hit to public finances and the need to raise tax from somewhere: strap in for another round of the carried-interest-as-capital-gain debate. Here's today's brief, for our valued subscribers only.
Side Letter: Pandemic lessons in responsibility, Vista LP withdrawal, Moonfare moveFour lessons that private equity firms learned during the pandemic. Plus: An LP backs out of a Vista fund; Moonfare taps UBS and bfinance for new hires; Dyal ups its stakes; the largest firm you have never heard of; and more. Here's today's brief, for our valued subscribers only.
Side Letter: DoL deals ESG blow, CalPERS goes big on secondaries, LP appetite for PE returnsUpdated rules from the DoL force fiduciaries to put financial returns ahead of “unrelated objectives” – specifically ESG. Plus: CalPERS re-enters the secondaries ring. Here's today's brief, for our valued subscribers only.
Three things to know about Blackstone's $8bn long-hold strategyBlackstone Core Equity Partners II is the largest long-term private equity vehicle ever raised, in an increasingly competitive market.
Side Letter: OMERS' Redman leaves for Aberdeen, Oregon's PE clear out, CalSTRS commitmentsCongratulations to Mark Redman, who at the end of this month will step up to lead private markets activity for asset management giant Aberdeen Standard Investments. Elsewhere in the world of PE: Future Fund on why it does DD on its peers, Oregon gets ready to dump some of its portfolio and more on CalPERS future PE strategy. Here's today's brief, for our valued subscribers only.
CalPERS head of PE on why its programme has underperformedConsistency in capital deployment and strategic direction are critical for the pension's PE programme to be at or near its potential, according to the asset class's head Greg Ruiz.