California Public Employees' Retirement System related stories
All articles and analysis
Side Letter: TDR's ICE connectionIn today's edition US Immigration and Customs Enforcement drama spills over into PE; The evergreen industry continues to bloat; One PE shop finds itself on the right side of AI history.
Thailand GPF ponders total portfolio approach adoptionThe $18bn Thai public pension plans to join the likes of CalPERS, GIC and CPP Investments in adopting the investment approach.
CalPERS corrects long-term trend of co-invest underperformance amid overhaulThe US's largest public pension had a streak of co-investments underperforming funds in most periods over several decades, according to private equity head Anton Orlich.
Side Letter: Most active LPs disclosedOur latest Investor Report lists the industry's most prolific backers of PE funds; Rede Partners' latest temperature check of market sentiment suggests optimism on the horizon; a venture capital continuation vehicle that lacks the 'continuation' element.
Will the total portfolio approach reshape the secondaries market?Under the TPA an LP’s selling decision is more likely to be driven by opportunistic considerations, rather than breaches of asset allocation targets.
Antoine Dréan’s 10 outrageous PE predictions for 2026The founder of placement agent Triago and private markets veteran shares his latest fictional (or not?) outlook for the year ahead.
LPs re-evaluate their allocation models: Story of the YearThe 'total portfolio approach' has captured imaginations in 2025, though the model has both strengths and weaknesses for private equity investors.
Side Letter: How to crack JapanTips for breaking into private equity's hottest market; GIC returns to the secondaries market with a mega-sale; Houlihan Lokey spies a dealmaking rebound.
Side Letter: Snow ploughs neededLP patience over a lack of distributions appears to be wearing thin; why CVs could hurt primary fund returns; Eurazeo plants a flag in Scandinavia.
Minnesota hands CIO greater discretion over private markets investmentsCIO Jill Schurtz will be able to commit up to $750m to commingled funds, separate accounts, secondaries transactions and dedicated co-invest vehicles.