California State Teachers' Retirement System related stories
All articles and analysis
GIC buys into second Western GPGIC has reportedly teamed up with Kuwait Investment Authority to buy a 4.5% stake in David Bonderman-led TPG Capital. The sovereign fund bought a stake in Apax in 2009.
- PE portfolios surge at CalPERS, CalSTRS
The two California pension giants’ private equity portfolios outperformed other asset classes in 2010.
- A glimpse of the future?
CalPERS has elected to do away with traditional allocation labels, may push for performance-based fees and prohibit private equity advisors from also managing its capital. Is this a sign of something bigger coming over the horizon? And is it a good or a bad thing?
- Courting California
Placement agents are undecided as to the upside in registering as lobbyists to comply with California’s law governing public pension interaction with third parties.
- Hony receives RMB3bn from NSSF
The China-focused mid-market private equity firm secured the commitment to its second RMB-denominated fund, which is reportedly targeting RMB10bn.
- Hony Capital invests in Biosensors PIPE
The China-focused firm will become the largest shareholder of the Singapore-listed medical device manufacturer, acquiring a 29.47% stake for about S$283.8m.
- Hony holds $1bn first close on second RMB fund
The Chinese private equity firm has raised its target to $1.05bn, which it expects to hit by the end of May 2011.
- Introducing Devco
The South Carolina Retirement System is creating an in-house management company to make direct private equity investments.
- Fortress scores $200m from CalSTRS
CalSTRS committed to Wes Edens-led Fortress’ second Credit Opportunities fund, which is targeting $2bn.
- CalSTRS' PE portfolio lags key indices
The $134bn pension’s private equity portfolio has been weighed down in part by being ‘overweight’ to buyouts.