California Public Employees' Retirement System related stories
All articles and analysis
LP Radar - November 2015See the latest PE LP updates, including allocation changes and people moves.
- Family offices, SWFs lead efforts in direct investing: study
Palico’s poll of 92 LPs found that 59% of them will seek direct investing.
- Crowded US lower mid-market drives competition for capital
Fundraising period for smaller buyout funds has lengthened amid flood of small company-focused funds seeking capital.
- Clearlake Capital Group closes fourth fund at $1.3 bn
The Californian private equity group has closed Fund IV at its hard cap.
- Friday Letter: A template for change
ILPA’s Fee Transparency Initiative is to be lauded, but without the weight of a regulator will GPs bend to LPs’ requests?
- ILPA drafts fee reporting template
The industry association targets uniform fee reporting to assist performance benchmarking and compliance.
- CalPERS commits $500m to Blackstone Partners VII
The California pension fund had allocated $16.6bn to buyouts as of 30 June.
- LP Radar - August 2015
See the latest PE LP updates, including allocation changes and people moves.
- US state officials press SEC to improve fee transparency
A letter signed by 13 US state treasurers and elected city officials urges that the regulator require GPs to improve fee and expense disclosures.
- CalSTRS: Carried interest is “not a very meaningful number”
A spokesperson for the pension fund tells PEI that the debate about nondisclosure of carried interest payments is part of cyclical pressure on the private equity industry.