Side Letter: CalPERS’ PE overhauler; PJT’s predictions; Morgan Stanley’s climate bet

CalPERS' newest private equity boss has pedigree when it comes to radically overhauling investment programmes. Plus: PJT Partners reckons this year will be the second-busiest year for secondaries to date and Morgan Stanley Investment Management has launched a $1 billion climate platform. Here’s today's brief, for our valued subscribers only.

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