California Public Employees' Retirement System related stories
All articles and analysis
Technology Crossover pulls in $1.4bn for Fund VIPalo Alto-based Technology Crossover Ventures corralled $1.4 billion (€1.19 million) for its latest fund. The fundraise represents a 55 percent jump over its predecessor fund, but still does not match the $1.7 billion raised in 1999.
- Private equity as public relations
Taking a cue from the largest state pension funds, Wal-Mart has recently announced a $25 million private equity fund targeting women- and minority-owned businesses. Can private equity be good for a company’s image?
- Candover 2005 closes on €3.5 billion
The London, Paris and Düsseldorf-based private equity firm has held a final close of its 2005 Fund six months after launching its fundraising.
- ATP PEP writes $75m cheque for Apollo
Denmark’s largest limited partner has confirmed a sizeable commitment to Apollo Management’s new LBO fund, a vehicle looking to raise $10bn.
- PCG to divide and – hopefully – conquer
Amid recent staff turnover and the launch of an internationally focused subsidiary, the private equity advisory firm has separated its direct investment and institutional management arms into two different business units to create more operating focus.
- Carlyle raises $10bn for US, Europe
Carlyle Group, the Washington DC-based global buyout firm, has raised $7.85bn and $2.2bn respectively for its latest US and European buyout funds.
- CalPERS CIO Anson departs to Hermes
Mark Anson’s move from the California Public Employees’ Retirement System (CalPERS) to private investment manager Hermes is a jump many public pension plan heads have made before.
- From bubbles to bigger bets
A few months after CalPERS chief investment officer Mark Anson warned of a private equity “bubble”, the board of the California pension fund will soon decide whether to give him more autonomy in making private equity allocation decisions. By Paul Fruchbom
- CalPERS made $2.8bn from PE last year
The pension's private equity programme made a significant contribution to an overall return of 13.5 percent on investment in 2004, helping to lift assets to an unprecedented $183bn.
- Blackstone head warns of mid-market crisis
Tony James of The Blackstone Group said in an interview with Bloomberg that there were ‘just too many’ middle market buyout firms in the US.