California Public Employees' Retirement System related stories
All articles and analysis
CalPERS drops PCG after reviewThe pension is severing its ties with Pacific Corporate Group and has enlisted Capital Dynamics to manage CalPERS' $480m Clean Energy & Technology Fund.
- California mine field
The Golden State is set to become an even more challenging fundraising destination for private equity managers with a new rule that will require placement agents to register as lobbyists.
- California placement agent bill becomes law
Placement agents that work with California’s public pension funds will be required to register as lobbyists, putting an end to fees based on the success of a fundraising.
- Brynwood closes sixth fund on $305m
The Greenwich, CT-based firm received commitments from 10 new LPs, according to co-founder Hendrik Hartong.
- Ex-PCG pro accuses founder of fraud
Stephen Moseley, a former co-president of advisory firm PCG Capital Partners, is suing his former employer for 'fraudulent business practices'.
- CalPERS launches ‘whistleblower' helpline, risk office
The initiatives are among several - including support of a state bill forcing placement agents to register as lobbyists - designed to ‘restore confidence, integrity and accountability’.
- Shahinian steps down from CalPERS post
The pension’s head of alternative investments, already on administrative leave, has resigned amid an ongoing placement agent investigation.
- California passes placement agent bill
Placement agents that work with California’s public pension funds will be required to register as lobbyists, putting an end to fees based on the success of a fundraising.
- Undisclosed luxury travel centre of CalPERS probe
The pre-2008 trips - arranged by private equity and real estate GPs - related only to firms in which the US pension owned a management stake or on whose LP advisory boards it sat.
- CalPERS officials questioned Apollo's Villalobos ties
A high-ranking CalPERS private equity official allegedly asked Apollo's Leon Black in 2006 to bring investment opportunities directly to him, rather than using 'third parties'.