The investment committee of the California Public Employees’ Retirement System (CalPERS) authorized $306 million of new commitments to five private equity funds at its meeting last week in Sacramento, Calif. The pensioner added two buyout funds, a secondaries fund and two international private equity funds. CalPERS invested $200 million in Hellman & Friedman Capital Partners […]
Israel’s Pitango Venture Capital closed its fourth fund with $300 million after less than a year of fund-raising. Its close of the fund marks the end of a two-year fund-raising drought in Israel. After a banner year in 2001, when Israeli firms raised $1.3 billion, fund-raising came to an abrupt halt in 2002, when firms […]
For the second year running, the California State Teachers’ Retirement System (CalSTRS) posted gains for its $116 billion investment portfolio, setting a positive tone for the pension fund as it enters a new fiscal year. Overall, the pension fund’s value jumped 17.4% during the 2003-04 fiscal year. As of June 30, its private equity portfolio […]
Rick Hayes, an advocate for public LPs, earlier this month tendered his resignation as head of private equity investments for CalPERS to become a managing partner at Oak Hill Capital Management. Hayes could not be reached for comment, but a spokesman for CalPERS, the nation’s largest pension fund, confirmed that Hayes had resigned as senior […]
Scaling back an ambitious plan to create an international private equity portfolio that reached from the Far East to Latin America, the California State Teachers’ Retirement System’s CalSTRS investment committee last Wednesday opted instead to stay put in Canada, the United Kingdom and Europe and to make new investments in Australia and Japan. According to […]
The California State Teachers’ Retirement System last week scaled back an ambitious plan that would have created an international private equity portfolio that reached from the Far East to Latin America. Consulting firm McKinsey & Co. had recommended that CalSTRS add developed and undeveloped nations in the Middle East, Far East, Latin America and Eastern […]
Vinod Khosla, one of the industry’s most respected technology investors, has warned of an impending nanotechnology “bubble” and criticized plans by venture-backed Nanosys Inc. to become the first publicly traded nanotech company. Khosla, a general partner at Kleiner Perkins Caufield & Byers, made the comments at the MIT/Stanford/UC Berkeley Nanotechnology Forum at Stanford University on […]
Vinod Khosla, one of the industry’s most respected technology investors, has warned of an impending nanotechnology “bubble” and criticized plans by venture-backed Nanosys Inc. to become the first publicly traded nanotech company. Khosla, a general partner at Kleiner Perkins Caufield & Byers, made the comments at the MIT/Stanford/UC Berkeley Nanotechnology Forum at Stanford University on […]
Rick Hayes, an advocate for public limited partners, on Tuesday tendered his resignation as head of private equity investments for CalPERS to become a managing partner at Oak Hill Capital Management. Hayes could not be reached for comment Thursday, but a spokesman for CalPERS, the nation’s largest pension fund, confirmed that Hayes had resigned as senior […]
Up to one-fourth of the California State Teachers’ Retirement System’s $1.5 billion private equity portfolio could move abroad, according to a new alternative investment plans adopted by the pension fund last Wednesday. More than half of that allocation will go to international buyout funds and the rest will go to venture capital and debt-related investments. […]