CalPERS is investigating $50m in fees paid to a company run by former board member Alfred Villalobos. The pension's CEO Anne Stausboll said a full review of all fees ever paid is 'prudent'.
The Pennsylvania pension made its first private equity-related commitment this year, betting on a credit strategy.
The university endowment wants to boost liquidity by selling portions of its private equity fund interests, CEO John Powers told PEO.
Blackstone's Fund VI had collected $8bn as of February.
ASSET CLASS: FUNDS IN MARKET 2009-10-01 Staff Writer <strong>ASSET CLASS: FUNDS IN MARKET</strong><br> <table> <tbody> <tr> <td><strong>NAME OF FUND</strong></td> <td><strong>NAME OF</strong>
Private equity was among many poorly performing asset classes for the pension, which had an overall loss of almost $50bn.
The old caveat that past performance is not indicative of future results has been confirmed by recent research from consulting firm Peracs.
Elliott Broidy, head of Markstone Capital, was not found to be uncooperative and has been given more time to meet SEC requests for information and testimony.
The pension, which fired Aldus Equity in May, has a 10% target allocation to private equity.
The Oregon Investment Council approved a $400m commitment to Lone Star, partly because the firm altered its fee structure and governance procedures to be more ‘LP friendly’.