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CalPERS to Diversify

By Cust Serv — 13 years ago

The California Public Employees’ Retirement System will launch a new fund targeted at emerging managers, says Senior Investment Officer Leon Shahinian. He discussed the fund at a joint conference on diversity hosted by CalPERS and the California State Teachers’ Retirement System in San Jose, Calif., last week. The fund’s size has yet to be set […]

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AlpInvest, AXA Back West PE Spin Out

By Cust Serv — 13 years ago

The private equity groups of large financial institutions continue to seek their independence and have a staunch ally in a secondary market that is flush with cash. WestLB‘s London-based private equity arm West Private Equity is the latest captive group to spin out, enlisting the the help of secondary investors AlpInvest Partners and AXA Private […]

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CalPERS Sale Signals Secondary Activity

By Cust Serv — 13 years ago

The private equity secondary market is readying itself for what could be a defining moment. One of the private equity world’s most active limited partners, the California Public Employees’ Retirement System (CalPERS), is considering a sell-off of private equity partnerships to the tune of about $3 billion. Such a large amount of assets going on […]

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Goldman Sachs, CPPIB Lead $925M Secondary Buy

By Cust Serv — 13 years ago

As the secondary market gets ready for the bidding wars that are ripe to flare up over an upcoming sale by CalPERS, the private equity world celebrated another large deal closing last week. The Goldman Sachs Asset Management private equity group and the Canada Pension Plan Investment Board (CPPIB) agreed to purchase a $925 million […]

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SERS Revises Returns, Commits $283M

By Cust Serv — 13 years ago

The Board of the Pennsylvania State Employees’ Retirement System (SERS) met without bloodshed on the Ides of March, revised its 2005 investment returns and approved investments in seven private equity funds for a total of $283 million. The board’s investment consultant Rocaton Investment Advisors, reported that SERS had a net investment return of 14.5% for […]

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PSERS Returns Down But Still Good

By Cust Serv — 13 years ago

With private equity returns leading the way, the Pennsylvania Public Employees’ School Retirement System (PSERS) posted gains that, while declining from previous years, were positive and above the national public pension median. Alternative investments, international equities and real estate were singled out for credit for the pension system’s performance. The pension system announced on March […]

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HarbourVest And AlpInvest Back Paragon Buy

By Cust Serv — 13 years ago

In what one partner involved calls a milestone transaction, secondary groups from two large private equity firms financed a secondary buy that established a new fund and financed that fund’s purchase of a buyout fund and its portfolio companies. The two secondary groups from London-based AlpInvest Partners and Boston’s HarbourVest Partners, invested $56 million in […]

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CalPERS gets a rosy Valentine

By Cust Serv — 13 years ago

The California State Employees’ Retirement System (CalPERS) Investment Committee met on Valentine’s Day this month and made the following private equity commitments totaling $75 million: * CalPERS committed $30 million to The Carlyle Group’s Carlyle Asia Growth Partners III. The fund has a target of $350 million and plans to hold a final close in […]

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CalPERS Puts More Than $950M To Work –

By Cust Serv — 13 years ago

The United State’s largest state pension system ended its investment year with a bang, committing almost $1 billion to private equity. The California Public Employees’ Retirement System (CalPERS) reported at its Dec. 12, Investment Committee meeting that it had invested $956.5 million into five different private equity funds. CalPERS reported that it has committed to […]

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CalPERS to put assets on secondary block

By Cust Serv — 13 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 — 13 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 — 13 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 — 13 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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LP Profile: Eric Hirsch of hamilton lane

By Cust Serv — 14 years ago

Holding a 7 a.m. interview at the height of the dog days of August, Erik Hirsch of Hamilton Lane epitomizes the work ethic required of the chief investment officer of a global investment firm. Eleven-hour workdays are standard, and he’s not complaining. “I’m usually here now, and get out around 6,” he demurs. Hirsch, 32, […]

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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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London Calling: CalPERS CIO Goes To U.K.

By Cust Serv — 14 years ago

One of the constants of public life is the allure of the private sector. Even at the top of the public pension world, the call to move on remains. And so it is in California. The California Public Employees’ Retirement System (CalPERS) Chief Investment Officer Mark Anson announced last week that he was leaving the […]

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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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