California pensions vary in approach to new PE reporting standards

Spark Capital, LACERS, Los Angeles City Employees’ Retirement System, pension fund, private equity, venture capital
  • CalPERS includes details on portfolio company fees, gross returns
  • Smaller institutions approach to PE disclosure law scattershot
  • California institutions discuss ways to standardize reports
California institutions are grappling with the requirements of a controversial law requiring public pensions to report the fees and expenses charged by private equity firms. Assembly Bill 2833, which Gov. Jerry Brown signed into law in 2016, requires the state’s public ...

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