California Public Employees' Retirement System related stories
All articles and analysis
Side Letter: Vista's Smith wipes student debt, Morgan Stanley's Tikehau stakeRemember your college graduation speech? A group of Morehouse College students who graduated on Sunday certainly will after Vista's Robert Smith said he'd wipe their student debts. Here’s today's brief, for our valued subscribers only.
Three things you should know about CalPERS’ new PE headGreg Ruiz, a former Goldman Sachs exec, will rely on his GP experience to help the US's biggest public pension push into direct investing.
CalPERS approves $1.15bn in commitmentsThe US public pension has backed two global buyout funds.
- Side Letter: CalPERS' new PE head, Europe disruptors, Ardian snags biggest secondaries haul
CalPERS hires Altamont Capital exec to lead PE, European VC gives the US a run for its money, Ardian turns Japanese. Here’s today's brief, for our valued subscribers only.
Side Letter: Meketa on returns, strip sales, a new fund of firms"As long as my PE programme keeps beating public markets by 300 basis points, then it's worth it," said every investor. What if it doesn't? Here’s today's brief, for our valued subscribers only.
CalPERS seeks to restart private equity co-investmentsCo-investing by the US's largest public pension has stalled due to challenges around speed of execution.
Side Letter: Goldman cuts PE, CalPERS' kickstart, peak LBO, reform Down UnderDoes PE demand "significant stress capital", have we hit peak LBO funds and can CalPERS press the pedal to the metal on co-investments? Today's brief goes to valued subscribers only.
CalPERS approves $350m in commitmentsThe US public pension has backed two North American private equity funds.
China Life Insurance (Taiwan) makes $20m commitmentThe Taiwanese life insurer continues its investment in the European market.
Side Letter: Apax, Warburg club up, Stonehage's Clarke-Jervoise, NYC-ing returnsSome exclusive people news, PE portfolios flying high and the return of an old favourite: the club deal. Here’s today's brief, for our valued subscribers only.