California Public Employees' Retirement System related stories
All articles and analysis
Riverstone/Carlyle fund hits $6bn targetThe fourth global power and energy fund raised by the two firms will stay in the market a few more months, with Riverstone having recently expanded its team to help source and execute future energy investments.
- USS to replace chief investment officer
Peter Moon will retire next year from the UK’s University Superannuation Scheme, an influential limited partner in private equity, infrastructure and real estate funds.
- Washington writes $100m ticket for Advent’s latest Latin America fund
The Washington State Investment Board has made $250m in fresh commitments. It has also appointed its chief operator, Theresa Whitmarsh, as acting executive director while the pension looks to replace Joseph Dear, who will become CIO at CalPERS.
- Mega-firms embrace socially responsible investing
Some of the world’s biggest private equity firms – including KKR, Blackstone, Carlyle, Permira, Providence, Apax and Apollo – have committed to consider environmental, social and corporate governance issues when making investments.
- TPG halts stake sale talks with LPs
Valuation difficulties have prompted the Texas-based mega-firm to cease talks that began more than a year ago with the Kuwait Investment Authority and two California pensions over the potential sale of a single digit stake in its management company.
- Sun Microsystems founder targets $1bn for first institutional fund
Khosla Ventures, led by ‘one of the most successful venture capitalists in Silicon Valley’, is for the first time raising external institutional money. It has already secured a $200m anchor investment from CalPERS.
- CalPERS hires Washington State chief for CIO post
Joseph Dear, former executive director of the Washington State Investment Board, will become CIO of the US' largest public pension plan following the departure of Russell Read last June. The hire puts an end to speculation that the CIO role would be filled by Carlyle venture veteran Bob Grady.
- Standard Life grows Boston team
The private equity arm of Standard Life Investments has hired Whit Matthews from the University of Pennsylvania.
- CalPERS mulls increasing alternatives allocation
The $182bn Sacramento, California-based pension, struggling with the denominator effect, will vote next week on whether to raise the upper limit of its target allocation to real estate and private equity. The pension's real estate portfolio is currently 1.6% overweighted.
- CalPERS appoints first female CEO
CalPERS veteran Anne Stausboll will lead the US’ largest public pension plan and influential private equity investor. The pension is still searching for a CIO following the departure of Russel Read earlier this year.