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Five takeaways from CalPERS’ Feb investment committee meeting

The pension giant’s new CIO Yu Ben Meng underscored the importance of private equity in its portfolio.

Calvey’s arrest has kicked Russian PE when it’s down

The arrest of Baring Vostok Capital Partners' US founder and three colleagues has done little to ease concerns about Russia as an investment destination for LPs.

Korea’s IMM PE collects $800m so far for latest fund – exclusive

The mid-market firm is raising its largest fund yet and expects more capital commitments from US LPs.

Side Letter: CalPERS confidence, Baring latest, Liquid Stock

Good news everyone: CalPERS still loves PE. Here’s today's brief, for our valued subscribers only.
Bearish

Bears spotted in APAC private equity

Some 14% of global professionals expect private equity activity to deteriorate over the next 12 months, compared with only 1% last year, according to S&P Global Market Intelligence.

Oregon pension: cross-fund investments are ‘highly conflicted’

Industry trends such as GPs making pre-emptive bids and the rise of cross-fund investments are signals of late cycle behaviour, according to the $101bn Oregon State Treasury.
Moscow, Russia

Baring Vostok installs replacement heads as Calvey remains in jail

The firm has temporarily suspended the four detained employees amid a dispute over the transfer of shares from one of its portfolio companies.

Side Letter: Oregon gripes, Brookfield’s HNWIs, Hollyport

Oregon has $3.5bn to invest in PE this year; it also has some reservations. Here’s today's brief, for our valued subscribers only.

Brookfield makes over 30% GP commitment to latest PE fund

The asset manager is targeting up to $9bn for its fifth flagship private equity vehicle.

Side Letter: Russian ‘reiderstvo’, babbling Brookfield, tech bet

"Reiderstvo" comes to Russian private equity. Here’s today's brief, for our valued subscribers only.

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