Apollo Global Management‘s cornerstone investors and two of its founders are selling a slice of their shares, writes Reuters. Cornerstone investors Abu Dhabi Investment Authority and California Public Employees’ Retirement System, which invested a combined $1.2 billion in Apollo in 2007, have each registered to sell stakes currently worth up to $203.4 million, writes Reuters.
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Jobs of the Week: Venture, Mezz and Alternative Investment at CalPERS, HarbourVest, JP Morgan, UBS and SVB
This week there are a handful of venture, mezzanine and alternative investment associate positions up for grabs as well as a senior position as director of institutional alternative investments at UBS Financial Services.
This week there’s an opportunity to apply for an associate position with one of the global fund managing big boys, Blackstone.
Both the $251 billion California Public Employees’ Retirement System (CalPERS) and the $150 billion California State Teachers’ Retirement System (CalSTRS) have openings for investment professionals to focus on private equity.
Emerging markets specialist 57 Stars is on the look out for an investor relations senior associate to assist with fundraising, investor relations, and public relations.
Trying to counter claims aired at a recent state Senate hearing, Joe Dear, chief investment officer of the California Public Employees’ Retirement System, wrote a letter to the hearing chairman saying he was “troubled by testimony that questioned our commitment and intentions” with regard to emerging managers – investment firms that are often managed by women and minorities.
Middle market private equity real estate firm GI Partners has acquired a Class A technology headquarters office building in San Jose. The acquisition is the first from TechCore, a $500 million discretionary core real estate fund launched earlier this year and managed by GI Partners on behalf of California Public Employees’ Retirement System.
Vintage 2007 is a stand-out year for venture funds in CalPERS’ Grove Street Advisors portfolio, according to a peHUB analysis of the California Public Employees’ Retirement System’s most recent fund performance report.
The Public Employee Retirement System of Idaho (PERSI) committed to five buyout new funds in Q3 2011, according to its alternative investment report. Net IRR of its whole private equity portfolio stood at 6.74% as of September 30 2011.
The pay-to-play saga continues. Earlier today, the SEC announced that at long last, it is charging former CalPERS CEO Fred Buenrostro and Alfred Villalobos – a former CalPERS board member turned placement agent –with fabricating letters in a scheme to enrich themselves.