California Public Employees' Retirement System related stories
All articles and analysis
First Reserve to seek $6bn for 13th fundThe Greenwich, Connecticut-based energy giant will pursue a more modest target from what it had been seeking in its prior fund – a move that many firms have used in the tough fundraising environment.
- Obama attacks
The industry is in for a rough ride to November now that the US Democratic campaign has fired the opening salvo in its attacks against Mitt Romney’s private equity past.
- PAG nears final close of Asia buyout fund
A $100m commitment from CalPERS has the Hong Kong-based firm closer to its $2.5bn target.
- CalPERS gives Cerberus a big boost
The $232bn system has formed a new relationship with Cerberus with a $400m commitment into the firm’s fifth fund, a sign of confidence as the firm works to hit its $3.75bn target.
- CalPERS and Blackstone form custom account
The Blackstone Group’s ‘tactical opportunities’ business is targeting $3bn to $5bn, which will be raised through the formation of separate, customised accounts with limited partners.
- Dear: Winning war for talent is crucial
To compete with private sector pay, public institutions may have to focus on hiring people who buy into the organisation's social purpose, according to CalPERS CIO Joe Dear.
- Friday Letter: Breakfast reading
How many institutional investors in need of yield coughed into their cornflakes recently when they read what was currently being generated in private equity and other non-mainstream asset classes?
- Friday Letter: Supersize LP
The private equity mega-pond is getting bigger, and the California Public Employees’ Retirement System (CalPERS) wants to remain a big fish within it. The California pension, according to an agenda item on its website, has agreed to commit a whopping $750 million to the latest offering from Apollo Management.
- Friday Letter: Everybody loves infrastructure
And there is growing evidence that the love is justified.
- Friday Letter Twas the night before Christmas
(at a Private Equity Firm With Founder Economics)