The MENASA-focused firm has cut its buyout fund's target in half, citing a difficult fundraising environment and changed deal landscape. Its annual report disclosed LPs were allowed to reduce existing commitments - a move several mega-funds have made.
The Paris-based firm, also in exclusive talks for some of Natixis' French private equity operations, has closed 'one of the largest secondary private equity transactions in history' with the purchase of a portfolio of mature fund interests.
The $5 billion pension fund has raised its private equity allocation to 10 percent from 3 percent.
2009 saw the size of the emerging markets fund of funds investor’s portfolio increase by 7% to £2.5bn.
The firm and the pension have forged a ‘strategic relationship' in which fees will decrease on funds Apollo manages 'solely' for CalPERS.
GSO, which focuses on credit-related strategies, has slated its Capital Solutions Fund for a final close in May. The fund has collected $1.5bn.
The $34bn pension, which currently works with PCG as its private equity consultant, has commitments to 125 funds.
The Hong Kong Monetary Authority has reportedly backed KKR and approached Bain Capital and Blackstone.
The pension will determine whether to 'continue' its private equity programme, and will consider terminating relationships with underperforming managers.
The $10.5bn pension's investment committee is considering committing to Draper Fisher Jurvetson and HIG Bayside.