California Public Employees' Retirement System related stories
All articles and analysis
Side Letter: Megafunds boost H1 fundraising, dislocation Deep Dive, summer readsOur first-half fundraising figures are out and they don't disappoint. Plus Blackstone's life science close and recommended reading for your summer vay-cay. Here's today's brief, for our valued subscribers only.
Side Letter: Which placement agents took PPP, CalPERS' leverage, Waterland IR headState aid has been mostly ruled out for PE firms in the US, but data show placement agents have benefited from loans. Here's today's brief, for our valued subscribers only.
Side Letter: Warburg and Adams St offshoots, CalPERS's bet, placement agent scoopsScoops today on placement agent movers; CalPERS's bold allocation manoeuvers; Warburg Pincus and Adams Street spawn new firms; and curious goings on at Malaysia's PNB. Here's today's brief, for our valued subscribers only.
Side Letter: Nordic's new deal for Trustly, Abraaj saga, capital call dataIs this a new type of deal we see before us? Nordic has brought in secondaries and co-investment capital to power up an existing investment. Here's today's brief, for our valued subscribers only.
Side Letter: Archer's on ice, TH Lee, Carlyle hire, LP commsAnother of Australia's PE brands faces an uncertain future. Plus: LPs are feeling sanguine about GP transparency. Here's today's brief, for our valued subscribers only.
CalPERS confirms $3.9bn in commitmentsThe American-based public pension fund has backed six private equity funds.
Side Letter: Rescue loan breakthrough, BlackRock and Goldman updates, Permira re-orgThe debate around PE portfolio companies' access to rescue funding continues, with UK financial sponsors making some headway. Here’s today's brief, for our valued subscribers only.
Side Letter: $124bn raised in Q1, capital calls up, government loans debateFundraising data have yet to reflect the current covid-19 crisis. Plus: capital calls are up, say LPs, and PE firms are still trying to get governments to let them in on rescue loan packages. Here’s today's brief, for our valued subscribers only.
Side Letter: Silver Lake's $16bn litmus test, Joncarlo Mark's take, covid-19 fight back continuesBig funds are getting raised amid the crisis ... they are even being launched. Plus: a former CalPERS PE pro gives his take on the market, how some firms are fighting back against the pandemic, and the co-investment crisis wash-up. Here’s today's brief, for our valued subscribers only.
‘Most GPs are simply in fire control mode’Joncarlo Mark, a former senior portfolio manager at CalPERS, gives his take on the current market: how LP co-investments will fare, what the opportunity set looks like and whether LPs will have to ‘walk away’ from some capital commitments.