New Private Equity Model Could Push CalPERS Up in Global Ranks
Preqin data shows California system could become fourth-largest PE investor.
Preqin data shows California system could become fourth-largest PE investor.
Investments of $20 billion in two CalPERS-backed independent pension organizations would change the face of institutional investing in private markets.
Fewer IPOs mean operational efficiencies rather than leverage become more important for private equity portfolio company exits, Sonsini says.
Private and public equities lead the way with double-digit gains.
Private equity AUM rises to more than $3 trillion.
Private equity is system’s best-performing asset class at 13.8%.
Approval for new private equity direct investment organization could also be only several months away.
Board questions how CalPERS can still help areas after end of California Initiative.
New business unit has been two years in the making.
Sovereign wealth fund aiming to hit 2-8% private equity target.
CIO tells investment committee there aren’t enough top-tier firms to invest in to sustain growth.
Asset class faction and interest has grown by almost 50 members since last year.
CalPERS, Washington State Investment Board invest the most funds to the space.
Retirement system joins Allianz and Kuwait Investment Authority as Hudson Yards investors.
Paradise Papers reveal $30 million invested in offshore hedge funds and private equity firms.