California Public Employees' Retirement System related stories
All articles and analysis
Permira’s Hugo Boss to re-enter talks on plant closureThe company's decision to re-start talks over the planned closure of a plant in Ohio has nothing to do with recent pressure on Permira from two LPs, Hugo Boss said.
- ILPA private equity meeting proves ‘productive’
The ILPA roundtable between GPs and LPs Tuesday had more ‘agreement than disagreement’, according to Joseph Dear, CalPERS' CIO.
- CalPERS contacts Permira over plant closure
The biggest pension in the US sent a letter to UK buyout house Permira with concerns about a planned plant closure in Ohio.
- Courting unions
While some private equity firms find themselves at odds with unions, others have forged more harmonious relationships.
- Reaching for the stars
A Global Strategic Investment Alliance for ‘alpha’ infrastructure and real estate assets? One pension’s chief executive officer is working hard to make it a reality.
- Real estate managers reveal placement agent fees
Amid 5,000 pages of documents released by CalPERS, it was revealed Capmark paid Credit Suisse a one-time fee of $27m for one fund, while RLJ paid Presidio $10.6m for two vehicles, including $1.7m for CalPERS' commitments.
- CalPERS eyes ‘unique’ vehicles
With some $22bn in uncalled commitments, the California pension will work to enter customised, low-fee partnerships and co-investment vehicles with select GPs.
- California firms agree placement ban
In relation to the pay-to-play scandal, Ares and Freeman Spogli have signed on to New York Attorney General Andrew Cuomo’s code of conduct that prohibits the use of placement agents.
- CalPERS documents show ARVCO collected most fees
Documents also reveal Quadrangle paid a fee to UBS for the successful outcome of an LP vote to preserve the investment period on its latest fund after a key-man clause was triggered.
- Markstone to pay $18m to settle with Cuomo
New York Attorney General Andrew Cuomo has reached a deal in which Markstone will pay back all management fees related to the state's pension.