California Public Employees' Retirement System related stories
All articles and analysis
LPs zeroing in on diversity during due diligenceA vast majority of investors are inquiring about diversity at private equity firms, while some of the largest LPs have started using specific disclosure forms.
- Was CalSTRS' $851m in 2015 PE costs worth it?
The $851m includes $516m in private equity carried interest, which represented 83% of all carried interest awarded to its external fund managers across asset classes in 2015.
- CalSTRS spends $75m on RE carried interest
The pension system, which managed $25.8bn in real estate as of December 31, disclosed its carried interest and expense for the first time this week.
- KKR Americas Fund XII nears final close on $13bn
KKR CFO Bill Janetschek said the latest fund, focusing on buyouts and growth investments in the Americas, will begin deploying capital in the first half of next year.
- Carlyle raises $3.6bn for debut long-dated PE fund
Launched two years ago, Carlyle Global Partners highlights fund managers’ desire to pursue investments requiring longer hold periods than traditional 10-year funds may allow.
- CalPERS PE director joins Lockheed Martin – Exclusive
Scott Jacobsen has left the US’s largest public pension fund after six years in its private investments team, PEI's sister title Secondaries Investor has learned.
- Blackstone’s Baratta: Avoid over-allocating to 2016 funds
The alternative assets giant's global head of private equity said it is a 'treacherous' time for investors, who face soaring asset prices and low returns, and warned LPs not to repeat the pre-crisis mistake of over-committing capital to the sector.
- CalPERS commits nearly $1bn to PE in July
The latest monthly report from the largest US pension fund shows its commitment to two private equity funds totalling almost $1bn, while it decided to forego committing to a KKR vehicle.
- Coller eyes 6.5x return from SVG
Coller bought 50m shares in the listed private equity investor at 100 pence a share in the depths of the financial crisis, and would receive 650 pence a share if an unsolicited bid for SVG Capital succeeds.
- California’s PE fee disclosure bill passes into law
The AB-2833 bill, which imposes more requirements on California-based public pensions to disclose private equity fees, was introduced in February, and passed last week.