California State Teachers' Retirement System related stories
All articles and analysis
Collaboration = collusion?If reports that several private equity firms have retained counsel to look into anti-trust issues related to the ILPA guidelines are true, it would seem that GPs are trying to pull the pendulum back in their direction.
- CalSTRS commits $350m to Angelo Gordon and GSO
The $133bn pension committed up to $250m to a Blackstone/GSO fund that will provide capital to distressed companies, and $150m to an Angelo Gordon distressed debt fund.
- CalSTRS names Wirth head of private equity
After a year-long search, the California State Teachers’ Retirement System has found its new head of private equity internally, choosing interim co-director of the programme Margot Wirth.
- Real estate managers reveal placement agent fees
Amid 5,000 pages of documents released by CalPERS, it was revealed Capmark paid Credit Suisse a one-time fee of $27m for one fund, while RLJ paid Presidio $10.6m for two vehicles, including $1.7m for CalPERS' commitments.
- CalSTRS backs emerging manager FoF
The pension is committing $100m to GPs focused on inner-city and rural markets at a time when SME capital is in 'short supply', says CIO Chris Ailman.
- PE ‘power couples’ face strains in downturn
Some of the most significant LP/GP relationships are being refashioned as LPs rethink their approach to private equity.
- Couples at the crossroads
PEI examines the long-term relationships between six major LPs and GPs and assesses the state of their unions in a changed market.
- CalSTRS allocates 5% to inflation-linked assets
The $119bn pension’s new ‘absolute return’ asset class will include infrastructure investments and could lead to a search for a manager to run the investment programme. The move is part of a wider asset allocation shift to be unveiled at its August meeting after CalSTRS saw its portfolio value tumble 25 percent over the last year.
- 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.
- 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.