California Public Employees' Retirement System related stories
All articles and analysis
Side Letter: APG's Asia plans, Volcker's legacy, Leonard Green's $14.8bnComing soon: the shortlists for the 2019 awards will be published later today, so get ready to cast your vote. In the meantime: we take a look at APG's five-year Asia plan; the death of former Fed chief Paul Volcker; and LPs' thoughts on GP relationships and ESG. Here’s today's brief, for our valued subscribers only.
Which firms raised the largest funds in November?Brookfield's $9bn haul for its fifth flagship fund and KKR's €5.8bn for its fifth Europe buyout fund are among the largest funds closed during the month.
Pennsylvania pensions get breathing room on disclosuresThe state’s House Bill 1964 passed with a single amendment shaving off a provision that required the pension systems to publicly disclose unredacted GP information.
CalPERS awards contracts to two investment consultantsThe Sacramento pension has approved contracts for general and private equity investment consultants.
Side Letter: TA Associates' heirloom, CalPERS gears up, 3i's 31.3x returnGP interest firms are lining up to buy stakes in other managers, but for some PE firms, selling a stake is akin to selling the family jewels. Here’s today's brief, for our valued subscribers only.
CalPERS’ co-investment programme gets ready to rollThe $388bn pension fund will need to expand its core managers list and SMAs to reach its target allocation, consultant Meketa told the pension's board on Monday.
Side Letter: A-Z of impact, Bain ploughs on, Vision Fund dials downKey trends in impact investing; Deval Patrick's co-replacement; SoftBank's $2 billion first close. Here’s today's brief, for our valued subscribers only.
Which firms raised the largest funds in October?The 10 largest funds raised in October gathered more than $53bn between them, roughly $7bn more than their combined fundraising target.
Side Letter: KKR on quartiles, German LBO explosion, distressed debt distressIn 2005 a German politician referred to private equity buyers as locusts. Today those 'locusts' are driving an 'extremely strong' buyout market in the country. Here’s today's brief, for our valued subscribers only.
Transparency in PE: Uncomfortable but often for the bestThe public nature of CalPERS’ decision-making may be giving competitors an edge.