California Public Employees' Retirement System related stories
All articles and analysis
Texas Teachers co-invests $160mThe $94bn pension fund has invested alongside KKR, Warburg Pincus and Apollo in the past nine months as it expands its co-investment programme.
- Birch Hill targets C$850m for Fund IV
The Toronto-based firm has approached the California Public Employees' Retirement System for a commitment.
- Travelgate
The apparent public outrage over CalPERS staff travel makes one wonder: do California pensioners want their global assets managed by under-resourced homebodies? David Snow explores.
- California placement agent bill would be ‘duplicative’
A pending state bill that would force placement agents to register as lobbyists would create two sets of registration, reporting and compliance policies.
- Villalobos plans to sue CalPERS for $10m
Alfred Villalobos, the embattled placement agent accused of bribery by California's attorney general, said during a bankruptcy hearing he plans to sue CalPERS for defamation.
- California workout sees 37% real estate loss
The $205bn California Public Employees’ Retirement System focuses on restructuring its real estate separate accounts and ‘letting go’ weak managers, as it reports declines of 37.1% in the year to the end of March.
- CalPERS posts 31% private equity gain
The $203bn pension has had its private equity portfolio rise, but experienced a 37.1% decline in real estate for the year ended 30 June.
- Relationship scars
The fragile nature of the relationship between firms and public pensions was highlighted recently by two events - an SEC ban on unregistered placement agents, and a controversial speech given by a Blackstone executive. Christopher Witkowsky explores.
- California cost-cutter
CalPERS advances efforts to reduce fees, remove middlemen.
- CalPERS buys 12.7% stake in Gatwick Airport
The $156m deal is the pension’s first direct infrastructure investment and the third stake majority owner GIP has sold to an institutional investor.