California Public Employees' Retirement System related stories
All articles and analysis
TPG tries on J.Crew again for $3bnThe firm has teamed with Leonard Green to de-list the iconic clothing retailer, having originally backed it for $500m in 1997 and taken it public in 2006.
- CalPERS’ real estate portfolio rises dramatically
Despite still reporting a negative 10.8% return for the second quarter, the $221bn pension said its real estate performance had done much better than expected with intial estimates predicting a devastating -37.1% return.
- CalPERS invests $190m in Brazil with Hines
Hines closes another Brazil real estate account with the California Public Employees pension fund. CalPERS has invested more than $380m to target Brazil with Hines over the past five years.
- CalPERS’ PE portfolio rises 23.8%
The $221bn pension published final audit numbers for fiscal 2009-2010 showing private equity gaining 23.8 percent, and real estate losing 10.7%.
- Introducing Devco
The South Carolina Retirement System is creating an in-house management company to make direct private equity investments.
- Carlyle agrees $3.9bn tech take-private
The firm has agreed to acquire CommScope, which makes infrastructure for communications networks. Carlyle will make the investment from its $13.7bn fifth buyout fund, and its €5.4bn Europe Partners III.
- CalPERS wins fee break from CIM Group
The $218 billion pension giant won a fee break from CIM Group, a real estate manager with ties to Alfred Villalobos.
- Broker lawyers
Why did a law firm take a fee to re-introduce CalPERS to one of its long-term GPs?
- New ILPA chair is UC Regents PE head
Timothy Recker has taken over the chairmanship of the Institutional Limited Partners Association from outgoing chair Joncarlo Mark of CalPERS.
- Oregon expresses confidence in PCG AM
The Oregon Investment Council was briefed by PCG AM executives in the wake of PCG's firing by CalPERS this week and believes the firm has provided ‘expert’ and ‘independent’ analysis.