Justin Mitchell
Carbone says family capital's flexibility and patience may be appealing to family- and founder-owned businesses facing headwinds due to covid.
The vehicle will start out in the liquid market but transition to the illiquid market over time.
The bill would exempt CalPERS from disclosing the owners of companies who receive private loans from CalPERS as well as other information.
The $75bn fund's benchmarking structure makes it hard to measure private equity performance during periods of market volatility.
The firm hired a new managing director and promoted another to run the opportunistic strategy, which will focus on what one source called 'companies that just haven’t gone quite right.'
The company, Areas USA, returned the funds shortly after receiving them.
Staff told the $148bn fund's board that this compared very favorably with the public markets over the same period of time.
Consultant Wilshire Associates also briefed the CalPERS board about how leverage could work for the $389bn fund and how it would need to be monitored.
Despite the unprecedented disruption of the coronavirus crisis, Alaska Permanent's in-state investment program is moving forward, and one of the GPs expects there to be good opportunities.
Tailwinds are growing stronger for the responsible investing movement as coronavirus and political upheaval rock the globe.
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