California Public Employees' Retirement System related stories
All articles and analysis
CalSTRS discusses limits for managed accountsThe $153bn retirement system may set a $500m maximum on individually managed accounts, according to an investment policy proposal.
- Tax revisited
The most powerful argument against sustaining the status quo on taxing carried interest is the political one.
- LPs look beyond performance
The stingy fundraising environment requires firms to bring something more to the table than just great performance, according to speakers at Private Equity International’s annual CFOs & COOs Forum in New York.
- CalPERS, Mubadala deals cap Carlyle chiefs' bonuses
An agreement originally relating to CalPERS' stake purchase limits firm founders' bonuses, which were revealed in an amended IPO registration document filed this week.
- Louisiana pivots from Parish to StepStone
StepStone is in the process of acquiring $2bn fund of funds Parish Capital Advisors, and part of that transaction includes gaining approval of Parish’s LPs.
- Court Square loses tech executive
Andrew Gesell will be leaving Court Square, reportedly after the firm finishes raising its most recent fund. Christopher Bloise, Jeffrey Vogel and Michael Delaney will continue to manage the firm’s technology portfolio.
- CalPERS increases commitments in 2011
After two years of significantly lower commitment levels to alternative investments, the pensions system ramped up its commitment pace this year to about $1.8bn as of 30 September, and has chosen managers like Blackstone, GSO and Oaktree.
- Vista Equity beats Fund IV target, eyes hard-cap
The software-focused firm, founded by former Goldman Sachs executive Robert Smith, expects to close its fourth fund on its $3.3bn hard-cap in early 2012.
- CalPERS-backed HCP lands healthcare deal
The Victor Maruri co-founded firm, which targets investments with a Hispanic demographic focus, has acquired a majority stake in Polaris Hospital Company.
- Pensions affirm support for PCG AM spin-out
Two public pensions systems in Oregon and Illinois are sticking with TorreyCove Capital Partners, which spun out from PCG Asset Management this month with the backing of Mitsubishi Corporation.