California Public Employees' Retirement System related stories
All articles and analysis
PAG closes second Asian buyout fund at $3.6bnThe fund was oversubscribed, beating its $3bn target.
- Outlook 2016: Focus on fees
Pressure on the GP community for greater transparency on fees shows no sign of abating in 2016, says Gibson, Dunn & Crutcher partner Mark Sperotto.
- Predictions for the year ahead
As 2015 draws to a close, PEI examines five trends expected to shape the evolution of the industry.
- CalPERS hits back at ‘misleading’ media coverage
After local newspapers criticised the Californian pension’s plan to revise its private equity policy, CalPERS issued multiple rebuttals defending the program.
- US firms charge $20bn to portfolio companies – study
A study of almost 600 portfolio companies revealed that US GPs have charged $20bn in transaction and monitoring fees over a 20-year period.
- CalPERS’ carry: Asian lawyers see a storm in a teacup
Private equity lawyers based in Asia tell Private Equity International that CalPERS’ disclosure of its carried interest data should be viewed from the perspective of returns.
- CalPERS’ carry disclosure a ‘PE PR coup’
The US public pension system’s milestone decision to reveal its profit sharing numbers was broadly welcomed by the industry.
- CalPERS reveals $3.4bn in carry payments – update
After much anticipation, the California pension plan released data on carried interest, and vowed to cut relationships with managers unable to provide similar data moving forward.
- CalPERS to invest $36.5bn in private equity until 2020
The retirement system said it is restructuring and rebalancing its private equity programme, including upping its focus on customised investment accounts and co-investments. As part of this effort, it has already reduced its number of GPs from 132 to 100.
- ILPA appoints OTPP director as new chair
The Institutional Limited Partners Association has appointed Ontario Teachers’ Pension Plan director of global funds and private capital Tanya Carmichael as the new chair of its board of directors. “We are at a pivotal juncture in the development of our industry, and ILPA is well-positioned to provide leadership in efforts to strengthen the asset class,” Carmichael said.