Don’t Be Fooled by Inflated Private Equity Returns
Longer-term subscription lines of credit are becoming increasingly widespread.
Tag: private equity
CalPERS Private Equity Co-Investment Plan Could Be Announced Next Month
CalPERS stopped its co-investment program in 2016. Now CIO Ben Meng wants a restart.
The SEC’s Newest Proposals Would Make Private Equity a Bit Easier on the Eyes
New rules would make the PE arena a lot more navigable, welcoming, and lucrative.
Asset Allocation
Michigan Endowment May Send More Capital to Seven Funds
Private equity, credit, and hedge fund strategies, recipients of extra investments earlier this year, may be in line for more still.
Corporate Moves
After a Two-Year Search, CalPERS Finally Hires Private Equity Head
Greg Ruiz, who has family ties to the fund, will take over from interim Sarah Corr.
Newsmakers
Alternatives Are Moving New Jersey’s Funding Needle
How the floundering pension employed them to better its funding status during a rough 2018.
Apollo Is Converting to C Corp Structure
By moving from a partnership setup, the PE firm expects its stock will be bought by indexes and mutual funds.
As GP-Led Secondaries Grow, Investors Seek Transparency
GP-led secondaries had a record-breaking 2018, but new guidelines from ILPA show that investors want more information and more time to consider the deals.
Alternatives
Washington State Investment Board Commits More than $2 Billion to Private Equity
The latest commitments are part of efforts by the system’s investment staff to maintain a large percentage of plan assets in private markets.
Alternatives
Texas Teachers’ Shoulders Its Way into Blackstone’s Behemoth Private Equity Fund
Sizable commitment shows the pair’s years-long relationship has no signs of fraying.
Canadian Pensions in $3.4 Billion Bid for Inmarsat
CPPIB, OTTP join consortium to acquire satellite telecommunications firm.
Alternatives
Oregon’s CIO Prepares ‘Snarky Remark’ to Defend Millions in Fees to Fund Managers
Skjervem says the state would be billions of dollars worse off if not for these funds.
CalPERS Investment Committee Approves Private Equity Plan at Urging of the CIO
New CIO Ben Meng says system can’t access ‘private equity exposure on the scale that we need.’
CalPERS Approves New Private Equity Investment Organizations
The pension system would invest up to $20 billion in direct style private equity investments, but it’s unclear when the plan could start.