Jobs of the week: Penta Mezzanine, AIG, CoBe and CalSTRS are hiring

This weeks jobs include a managing director of private equity co-investments at AIG and a portfolio M&A vice president at CoBe Capital. Also, California State Teachers’ Retirement System is seeking an investment officer while Penta Mezzanine Fund is looking to add a private equity associate to its team.


Carlyle LPs to share in collusion suit settlement costs: Buyouts

The Carlyle Group’s $115 million settlement of a lawsuit that alleged it colluded with other buyout shops to depress deal prices will be paid through a combination of Carlyle Partners IV fund capital, insurance, balance sheet capital, and contributions from some employees of the firm.

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CalSTRS to boost clean energy, tech investment

California State Teachers’ Retirement System (CalSTRS) has announced plans to increase current clean energy and technology investments from $1.4 billion to $3.7 billion over the next five years in an effort to increase low-carbon investments.


SEC exam findings a “wake-up call,” says LP

Early investor reaction to the first wave of private equity examinations from the U.S. Securities and Exchange Commission ranges from skepticism, frustration that sponsors don’t provide as much information as investors ask for, to gratitude that the SEC is going to help improve behavior.

Facebook Governance Concern for California Pension Fund

Facebook‘s corporate governance rules, which give shareholders little say in how the social networking website would be run as a public company, are a cause for concern for US investor, the California State Teachers’ Retirement System, writes Reuters. The pension fund, which has a portfolio valued at around $145 billion, is planning to send a […]

Investors Push for Sale of Charles River Laboratories

Relational Investors and the California State Teachers’ Retirement System are pushing Charles River Laboratories to put itself up for sale, Reuters reported, citing an article in the Wall Street Journal. The two groups hold a 6.1% combined stake in that clinical research company. The Wall Street Journal reported that Charles River Laboratories – which has two main segments: preclinical services, and research models and services – could draw interest from private equity investors.

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