The $234bn retirement system’s 2012 roadmap includes plans to engage the secondary market and develop a co-investment and managed accounts programme.
3 min read · 14 January 2013
After building a historic $3bn customised relationship with the Texas Teachers’ Retirement System, the firm is talking to institutions around the world about similar opportunities.
4 min read · 14 January 2013
The firm has expanded its LP base from 275 to 400 in an effort to expand beyond its private equity roots, which includes real estate.
2 min read · 14 January 2013
The firm has held a first close on its flagship fund for North America mostly from existing investors and has expanded its LP base from 275 to 400.
3 min read · 14 January 2013
Mark Pay has re-joined CDC Group after eight years away, which included a long stint as a partner at Actis. At CDC he will spearhead the firm’s new direct investment strategy.
2 min read · 14 January 2013
The debt affiliate of The Blackstone Group has stopped marketing its second mezzanine fund, which is set to hit its $4bn hard-cap in the next few months. GSO also is launching its second ‘rescue fund’ that will come in handy in Europe.
3 min read · 14 January 2013
The firm, which has made only sporadic investments in Europe over the past few years, sees huge opportunity in private equity, real estate and credit strategies in the region, which is undergoing 'de-leveraging’.
3 min read · 14 January 2013
Since taking the helm at CalPERS in early 2009, CIO Joseph Dear has made it clear he considers private equity a crucial part of its investment strategy. But things haven’t been business as usual: he’s taken fund managers to task over alignment of interest, led an overhaul of the pension’s allocation model, sorted out the aftermath of a ‘pay-to-play’ scandal and hired a veteran private equity chief. Amanda Janis stops by Dear’s office in Sacramento to learn how CalPERS continues to find value in private equity
10 min read · 14 January 2013
The process of fund managers complying with new disclosure requirements has been more complicated than many in the industry would have thought. PERE Magazine, February 2012 issue
10 min read · 14 January 2013
Since taking the helm at CalPERS in early 2009, CIO Joseph Dear has made it clear he considers private equity a crucial part of its investment strategy. But things haven’t been business as usual: he’s taken fund managers to task over alignment of interest, led an overhaul of the pension’s allocation model, sorted out the aftermath of a ‘pay-to-play’ scandal and hired a veteran private equity chief. Amanda Janis stops by Dear’s office in Sacramento to learn how CalPERS continues to find value in private equity
10 min read · 14 January 2013
