California Public Employees' Retirement System related stories
All articles and analysis
ABRY nears final closes on quick-fire fundraisesThe Boston-headquartered private equity veteran is expected to be significantly oversubscribed for its seventh buyout fund, targeting $1.6bn, and its second senior debt fund, targeting $1.3bn.
- New Jersey negotiates fee cuts
The $71bn pension system says cuts in fees it pays to investment managers will save it at least $40m over the next five years.
- Out with the old
The California Public Employees’ Retirement System elected to do away with traditional allocation labels at the end of 2010
- New Mexico SIC mulls secondaries sale
The $14.5bn state endowment wants to pare down its private equity portfolio, which contains 150 funds from 80 GPs, to a size that its small staff can better manage. No word yet on the potential size of the sale.
- CalPERS puts $800m of LP stakes for sale
The $226bn pension is selling a chunk of its private equity portfolio that includes a large amount of mega-fund holdings.
- PE portfolios surge at CalPERS, CalSTRS
The two California pension giants’ private equity portfolios outperformed other asset classes in 2010.
- A glimpse of the future?
CalPERS has elected to do away with traditional allocation labels, may push for performance-based fees and prohibit private equity advisors from also managing its capital. Is this a sign of something bigger coming over the horizon? And is it a good or a bad thing?
- CalPERS does away with traditional asset allocations
The $220bn US public pension system will allocate 63% of its assets to its ‘growth’ pool of public stocks and private equity holdings.
- CalPERS gets tough advice on fees, consultants
CalPERS has received numerous recommendations after a 'special review' of fees, including demanding all GP meetings take place at the pension's offices and not in 'expensive settings'.
- Courting California
Placement agents are undecided as to the upside in registering as lobbyists to comply with California’s law governing public pension interaction with third parties.