California Public Employees' Retirement System related stories
All articles and analysis
GI Partners collects $1.9bn for Fund IIIThe private equity and real estate firm has fallen short of its target, but raised 35% more than Fund II.
- Over 60 respond to pension consultant request for information
Pension Consulting Alliance managing director Judy Chambers said the interest shown by managers was ‘in line’ with the consulting firm’s expectations. The next steps in the process are up to the pensions who will be provided the information requested by the PCA.
- CalPERS shortlists infrastructure advisors
The $182 billion US pension will choose from Meketa Investment Group, Pension Consulting Alliance, R.V. Kuhns & Associates and Wilshire Consulting to advise its nascent infrastructure investment programme.
- Starwood reportedly in talks to sell luxury French hotels
The private equity real estate firm led by Barry Sternlicht is in talks with JJW Hotels to sell part of the Concorde Groupe portfolio in a deal worth around $2bn, according to media reports. The sale would include the Concorde Lafayette in Paris and the Hôtel Martinez in Cannes.
- London pension mulls more private equity investments
The £3.2bn London Pension Fund Authority is looking to redeploy part of its cash pile in investments in private equity and infrastructure.
- Apollo nears $1bn for European debt fund
Leon Black’s firm is close to the halfway mark as it seeks to raise $2 billion to invest in non-performing loans across Europe.
- CalPERS endorses ILPA policies
The $185bn pension's latest move to reduce fees paid to GPs includes backing the Institutional Limited Partners Association’s new terms and conditions guidelines.
- GI raises $2bn for Fund III, nears full realisation for Fund I
The firm has invested 20% of Fund III's committed capital. It has also realised the real estate portion of its debut fund.
- Schwarzman stands up for placement agents
Blackstone’s chairman has told the SEC a firm like his would never have reached its level of success, which directly benefits pensioners, without placement agents.
- Inconsistent indifference
It’s a shame CalPERS may refuse to take a negative stance on the SEC’s proposed placement agent ban, writes Christopher Witkowsky.