California Public Employees' Retirement System related stories
All articles and analysis
In memoriam: Joe DearThe former CalPERS CIO was an influential figure whose insight, leadership and candour will be sorely missed.
- CalPERS CIO Dear passes away
Joe Dear, one of private equity’s most respected investors, has died after a fight with cancer.
- CalPERS hires Tollette as COIO
Wylie Tollette joins the $284bn US pension fund as its chief operating investment officer.
- CalPERS cuts private equity allocation
The $277bn system lowered its target allocation to private equity while increasing its allocation to infrastructure and real estate.
- Blackstone caps Tact Opps at near $5.5bn
The firm has posted strong results for 2013, with total AUM up 26% to a record $266bn.
- PCG's Bower claims defamation from CalPERS probe(2)
The law firm hired by CalPERS to investigate alleged pay-to-play activities is now being sued by PCG founder Chris Bower for having allegedly ‘impugned’ the reputation of PCG and Bower.
- US indicts former CalPERS officials(2)
Former CalPERS CEO Federico Buenrostro and placement agent Al Villalobos face charges for allegedly forging disclosure letters certifying that CalPERS knew Villalobos’ placement agency was working on raising various Apollo funds.
- Study: GPs inflate valuations during fundraising(2)
A University of Oxford analysis of CalPERS’ private equity portfolio has found that GPs inflate valuations of existing portfolio companies while marketing follow-on funds.
- Emerging manager trade chief steps down(2)
Ed Dandridge, the outspoken head of the National Association of Investment Companies, worked to highlight the strong performance of diverse and minority-led firms.
- Study: Private equity markets plateau in 2012(2)
Global deal volume remains relatively stable despite a $1tn dry powder load at the beginning of the year and readily available credit for leveraged buyouts.