California Public Employees' Retirement System related stories
All articles and analysis
CalPERS commits $500mThe US public pension committed $500 million to private equity.
- Getting to grips with sub lines
The growing use of subscription credit lines deserves level-headed analysis.
- CalPERS ex-board member tells PEI of credit line concerns
Michael Flaherman says his fears about CalPERS’ exposure are left unanswered, despite a memo from the pension describing fund-level credit lines
- Ex CalPERS board member asks for report on credit line use
Former CalPERS board member Michael Flaherman raised the issue of fund-level leverage use by GPs for the second time at Monday’s meeting, after no action was taken following remarks he made in December 2015.
- Connecticut appoints Meketa general investment advisor
Once Meketa begins its 5-year contract in July, it will prepare to review Connecticut’s asset allocation, which currently includes an 11% target allocation to private equity.
- Carry data disclosure demand spreads
A number of US states are seeking to follow California in mandating public funds to disclose carried interest paid to GPs.
- CalPERS cuts yearly PE costs by nearly 40%
The $320bn pension, which allocates 8% to private equity, spent less year-on-year in management fees in 2015 and less than its peers.
- Wilshire backs CalPERS’ new PE benchmark proposal
The new benchmark would still apply if private equity, which represents 8% of total assets, is combined with public equity as recently suggested by CalPERS.
- CVC strikes Breitling deal as clock ticks for Fund VII close
The private equity firm will pay as much as $804m for the Swiss watchmaker as investors are given an 8 May deadline to commit to its seventh buyout fund.
- All change at CalPERS
What can be read into developments at the bellwether pension fund.