CalPERS to put assets on secondary block

By Cust Serv — 14 years ago

In a move that should interest the private equity secondary market, the California Public Employees’ Retirement System (CalPERS) approved a plan that will likely place some of its private equity holdings on the secondary market auction block. The move is part of a larger restructuring of the CalPERS portfolio. The CalPERS Investment Committee approved a […]

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CalPERS OKs $950M

By Cust Serv — 14 years ago

The United States’ largest state pension system ended the year committing about $1 billion to private equity. The California Public Employees’ Retirement System (CalPERS) OK’d $956.5 million to the following funds: * CalPERS committed $400 million to The Blackstone Group’s Blackstone Capital Partners V. The fund, which closed on $12.5 billion in October, will focus […]

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Wash. State OKs $275M For Private Equity –

By Cust Serv — 14 years ago

The Washington State Investment Board approved an additional $275 million for two private equity funds in mid-November. In its general board meeting on Nov. 17, the pension system approved the following private equity funds for investment: The board approved up to $175 million for Nordic Capital’s Nordic Capital VI. The Stockholm, Sweden-based buyout firm’s last […]

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AlpInvest Partners gets record mandate

By Cust Serv — 14 years ago

AlpInvest Partners has received a new mandate from pension funds ABP and PGGM of €11bn. The new mandate further strengthens the position of AlpInvest as one of the largest private equity investors worldwide. AlpInvest’s new mandate is amongst the largest mandates ever granted in the international private equity market. It covers an investment period of […]

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CPP Commits $335M To Canadian PE –

By Cust Serv — 14 years ago

In a move proving there is confidence that the Canadian private equity market is maturing, the CPP Investment Board committed $335 million to a Canadian private equity program that will be invested and managed by TD Capital Private Equity Investors. Approximately $210 million has been committed to a Canadian small and middle market buyout fund-of-funds […]

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CalPERS commits $290M, names CIO

By Cust Serv — 14 years ago

The California Public Employees’ Retirement System (CalPERS) committed an additional $290 million to private equity last week. The public pension system also named an interim chief investment officer to replace Mark Anson, who announced last month that he was leaving to become the CEO of London-based fund manger Hermes. At its investment committee meeting last […]

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CalPERS’ Investments To Be Reviewed –

By Cust Serv — 14 years ago

The California Public Employees’ Retirement System recently received a commissioned review of its alternative investment management program. Results and recommendations were presented during an Oct. 17 meeting of the CalPERS investment committee, and will be evaluated over the next few months. CalPERS had retained Portland, Ore.-based Pension Consulting Alliance to conduct the review, which was […]

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AlpInvest spins off direct investments

By Cust Serv — 14 years ago

AlpInvest, the largest private equity investor in Europe, is taking another reorganisational step that will see its direct investment team spun off to become Taros Capital. The mid-market buyout team, which will become independent from January 1 2006, will continue the management of AlpInvest’s direct portfolio in the Benelux region and Germany. The portfolio, which […]

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CalPERS Portfolio Under Review, Clock Ticking

By Cust Serv — 14 years ago

The California Public Employees’ Retirement System (CalPERS) is undergoing a strategic review of its Alternative Investment Management program, with final results and recommendations expected sometime this fall. Strategic reviews of institutional investment programs are hardly uncommon, but CalPERS holds a special place as the world’s second-largest private equity investor. It managed approximately $21.4 billion of […]

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Changes At CalPERS?

By Cust Serv — 14 years ago

The California Public Employees’ Retirement System (CalPERS) is undergoing a strategic review of its Alternative Investment Management program, with final results and recommendations expected sometime this fall. And any large-scale strategic changes could have wide-ranging repercussions. Strategic reviews of institutional investment programs are hardly uncommon, but CalPERS holds a special place as the world’s second-largest […]

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CalPERS Sets New Consultant Rules

By Cust Serv — 14 years ago

The California Public Employees’ Retirement System (CalPERS) announced last week that its Board of Administration adopted new policies regarding disclosure of potential conflicts of interest among its investment advisors The new policy requires investment consultants to “identify any future circumstances that may create actual, potential or perceived conflict of interests prior to providing advice in […]

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WSIB Chooses Consultant

By Cust Serv — 14 years ago

Last week The Washington State Investment Board was scheduled to vote on a recommendation that it select Capital Dynamics as its next private equity consultant. If approved, the move would be a major loss for La Jolla, Calif.-based Pacific Corporate Group, which has served as WSIB’s private equity consultant for the past five years. A […]

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CalPERS Commits Another $425M To Private Equity

By Cust Serv — 14 years ago

California State Employees’ Retirement System (CalPERS), the $183 billion pension system, continued its investment in to private equity with a series of commitments worth as much as $425 million. In its May 16, Investment Committee meeting, the pension fund made up to $415 million in commitments to five private equity funds. In its investment committee […]

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CalSTRS Plans To Boost Buyouts And Cut VC

By Cust Serv — 14 years ago

Limited partners in private equity have been changing their allocations in the face of a changed and changing market. The latest of the largest private equity LPs to plan a large allocation change is the California State Teachers’ Retirement System (CalSTRS). The retirement system will decide in July on a plan that would see it […]

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CalSTRS Mulling More Buyouts

By Cust Serv — 14 years ago

The California State Teachers’ Retirement System (CalSTRS) is considering a plan to slightly cut back its venture allocation in favor of more buyouts. The pension system’s investment committee will meet in July to consider recommendations that its target allocation for buyout funds be increased from 60% to 70% and that the target allocation for investment […]

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RCP Advisors keeps Chugging Along

By Cust Serv — 14 years ago

RCP Advisors LLC, a fund-of-funds based in Chicago, is continuing to forge ahead. The firm, in the midst of raising its third fund, a $175 million targeted vehicle, recently announced that it has made a commitment to Sentinel Capital Partners latest vehicle, investing alongside AlpInvest, Abbott Capital Management and Pacific Corporate Group. Sentinels new $319 […]

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Oregon Targets Its Own Backyard

By Cust Serv — 14 years ago

Oregon is the latest state to invest money into indigenous or nearby private equity groups with the goal of spurring local business development in its region. The Oregon Investment Counsel initiated the program in September, hiring Credit Suisse First Boston to spearhead the effort, which through the recently formed Oregon Investment Fund will dedicate $100 […]

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CPPIB Ups Its PE Investments

By Cust Serv — 14 years ago

The Great White North is putting more of its green outside of Canada. The CPP Investment Board (CPPIB) announced May 6 that is it committing an additional $1.05 billion to five private equity funds, bringing its total commitment to the asset class to $6.7 billion. * The Toronto-based pension fund committed $257 million to Paris-based […]

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