Private Equity
The California Public Employees’ Retirement System severed its six-year-old contract with Centinela Capital Partners, a Los Angeles private equity custom account manager that oversaw two emerging manager accounts worth $1 billion, according to Brad Pacheco, a CalPERS spokesman. Earlier this year, Centinela filed a complaint against the $245 billion pension system claiming racial bias in CalPERS’s decision to choose another firm, Credit Suisse Customized Fund Group, to manage a third account with a similar mandate.
2 min read · 19 September 2012
America’s second-largest public pension, the $152 billion California State Teachers’ Retirement System, committed more than $1 billion to a bevy of private equity and debt-related funds in the second and third quarters, according to the pension’s semi-annual private equity report, which was presented to the pension’s board in early September.
2 min read · 10 September 2012
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