California Public Employees' Retirement System related stories
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@PrivateEquityLP: Made 4x on exit! #homerun, #champagneFor an industry that prides itself on being both progressive and adaptable, private equity has been slow to embrace social media in a bid to create and manage brand awareness.
- Centinela loses leader amid FoF shakeout
Cesar Baez, who launched Centinela in 2006, has left the firm. Baez once ran Hicks Muse Tate & Furst’s Latin America fund that had exposure to Argentina prior to the country’s default.
- PCG AM’s management to spin out
Mitsubishi Corporation, which has had a 15-year relationship with PCG, is buying out founder Chris Bower’s stake in the private equity consulting business.
- TPG to raise up to $5bn for Asia fund
The global firm is plotting its sixth Asian fund, which could be the largest fund raised for the region since the financial crisis.
- California passes pension conflict rules
Board members and executive staff of California’s two largest pension systems now face tough restrictions on their post-pension employment.
- CalPERS LP launches ‘end of life funds' strategy
Joncarlo Mark, a veteran limited partner, will work with institutional investors on dealing with legacy private equity assets as they work to manage their portfolios.
- Clearwater collects $200m for Fund IV
The New York-based firm has collected roughly $200m for its latest fund, which will invest in special situations and debt in Asia, excluding Japan.
- Study: More pensions allocating to alternatives
The number of corporate pensions allocating to alternatives has risen steadily since 2008, but the size of allocations has fallen since last year.
- Blackstone welcomes LP manager concentration
More limited partners want to form ‘strategic relationships’ that are long-term and involve exposure to multiple strategies, co-founder Steve Schwarzman said during an earnings call this week.
- CalPERS’ AIM programme soars amid turmoil
Another year of outstanding private equity returns revealed recently by CalPERS serves as a reminder that the pension’s beleaguered investment team deserves some praise, writes Christopher Witkowsky.