California Public Employees' Retirement System related stories
All articles and analysis
Study: GPs inflate valuations during fundraisingA University of Oxford analysis of CalPERS’ private equity portfolio has found that GPs inflate valuations of existing portfolio companies while marketing follow-on funds.
- PCG's Bower claims defamation from CalPERS probe
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.
- Emerging manager trade chief steps down
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
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.
- Former Centinela chief Baez sues CalPERS
Citing damage to his reputation and business, Cesar Baez is suing CalPERS and CIO Joe Dear for more than $30m.
- First Reserve targets $5bn for Fund XIII
The Greenwich, Connecticut-based energy investor has come to market with a much smaller fund than its previous vehicle, a sign of the challenging fundraising environment even for established managers.
- Carlyle takes the wheel at Addison Lee
The investment in London's largest private taxi firm was the second deal Carlyle's €5.4bn Europe Partners III has made since it was granted an investment extension.
- Centinela sues CalPERS, Dear
The emerging manager-focused fund of funds is seeking damages for alleged racial discrimination and breach of contract by CalPERS, CIO Joe Dear and 20 individuals attached to the retirement system.
- CalPERS backs SAC Capital spin-out
The system made public the first commitment from its new private equity emerging manager mandate run by Credit Suisse to Siris Capital Group's debut fund as an independent shop.
- Why won’t Apollo explain?
Ex-CalPERS board member Al Villalobos has finally been indicted by the DoJ over the pay-to-play scandal – and yet Apollo still refuses to explain why it continued to use his services even after CalPERS investment officials said it wasn’t necessary, writes Christopher Witkowsky.