Problems With CalPERS Non-Disclosure List
CalPERS may have messed up. The pension giant last night released a list of eight private equity and venture capital firms that did not reply to a voluntary request for historical placement agent information, but at least four of the firms claim that they did indeed comply. Ripplewood Holdings, EnerTech Capital, Fenway Partners and Pinnacle Ventures tell peHUB that they are working with CalPERS to correct the error. The mix-up may be related to the fact that CalPERS requested information in two waves; one of which used outside firm Steptoe & Johnson. A CalPERS spokesman said that, in one instance, the PE firm submitted its form to Steptoe & Johnson but not to CalPERS. The pension fund is looking into the other cases, he said.
18 February 2010•3 mins read
