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 […]
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 […]
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 […]
LP Name: CPP Investment Board Recent Additional Commitment To Canadian PE: $335M Total Commitment To Canadian PE: $1.7B Total Commitment To PE: $8.4B Total Reserve Fund Size: $91.7B (As of 09/30/2005) Website: www.cppib.ca In a move proving there is confidence that the Canadian private equity market is maturing, the CPP Investment Board committed $335 million […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]