Réal Désrochers has left a CIO post for a Saudi-backed investment arm to head CalPERS' private equity programme, which has recently been the subject of state ethics probes.
Peruvian firm Nexus Group has beat its target for its first international institutional fund, showing LP appetite for the region can overcome scepticism of new managers.
Year end results show the Canada Pension Plan’s private equity portfolio increased in value from C$16.1bn to C$22.7bn, helping the pension’s total assets reach a record C$148.2bn.
Former Goldman Sachs banker and ex-Delta co-managing partner Kirill Dmitriev will helm the country’s $10bn private equity fund.
The $236bn pension is planning to ban investment consultants from also acting as managers for the pension fund.
While performance-based carried interest will be paid out to even the worst-performing funds which invested in the run-up to the industry's golden era, those raised during the boom may fail to pay any carry at all, new research shows.
David Currie of fund of funds manager SL Capital Partners recently spoke to PEM about the new regulatory environment, how it impacts clients, and the associated costs with compliance
They have many names: 'Family Enterprises', 'Family-backed Investors', 'Family Offices' and 'Family funds under management'. The credit crunch has resulted in major changes to the way large families who run their own investment vehicles think and how they invest their money, writes Mike Reid, managing partner of Frog Capital.
The New Mexico State Investment Council has filed state and federal lawsuits against Saul Meyer, Gary Bland, and Daniel Hevesi, among others, for steering investments to particular managers.
Buyout firm Mediterra Capital Management has held a first close for its debut Turkey-focused private equity fund on €100m, one third of the way towards its target.