California Public Employees' Retirement System related stories
All articles and analysis
CalPERS delays vote on sovereign wealth billThe retirement system’s board has postponed its vote on a bill staff estimates would cost up to $12 billion in lost private equity returns.
- Carlyle defends sovereign funds
The firm’s regulatory affairs head, David Marchick, warned a Senate committee today against protectionism, using Carlyle’s stake sales to CalPERS and Abu Dhabi as examples of government-affiliated investments that bolster US companies.
- Sovereign fights
Should California pass a bill limiting pensions’ ability to invest in sovereign wealth-linked private equity funds, it may have serious unintended consequences, writes Amanda Janis.
- CalPERS CIO resigns to invest in cleantech
Russell Read looks to become an environmental rainmaker after a two-year stint at the $244bn US pension.
- CalSTRS, Canada warn against sovereign fund legislation
CalSTRS’ board has vehemently opposed a pending California bill that would limit pensions’ investments in private equity firms with links to sovereign funds, while the president of Canada’s second-largest pension today warned a US Congressional task force against introducing similar legislation.
- Schwarzenegger op-ed kills SWF bill
Discussion of a proposed California bill that would limit pensions’ investments in buyout firms linked to certain sovereign funds has been delayed following a rare op-ed in which the famous governor called the bill ‘ineffective'.
- Interview: Lawmaker behind anti-SWF bill says concerns are ‘exaggerated’
The California assemblyman who wants CalPERS and CalSTRS to cease ties with firms partially owned by certain sovereign wealth funds tells PEO he is particularly targeting alleged human rights abuses in the UAE, and calls fiscal objections voiced by pension investment staff ‘overstated'.
- W Capital closes on $700m fund
The New York direct secondary investment specialist has nearly tripled the amount of its last vehicle.
- Celebrating difference(3)
With large LBO firms grabbing the limelight and most of the capital, life can be tough for mid-market GPs on the fundraising trail. Andy Thomson finds that the sophistication of the marketing pitch often holds the key to success or failure.
- Celebrating difference(2)
With large LBO firms grabbing the limelight and most of the capital, life can be tough for mid-market GPs on the fundraising trail. Andy Thomson finds that the sophistication of the marketing pitch often holds the key to success or failure.