LP news, Jan. 8, 2007

CalPERS approves 5 investments

The California Public Employees’ Retirement System (CalPERS) has approved five new fund commitments: $500 million to First Reserve Fund XI; $127 million to Richardson Capital Private Equity 2; $93 million to Tricor Pacific Capital Partners IV; $160 million to Carlyle Japan Partners II; and $50 million to Acon-Bastion Partners II.

MassPRIM issues RFP

The Massachusetts Pension Reserves Investment Management Board (PRIM) has issued an RFP for managers who will invest in opportunities that will “benefit the economic climate of” Massachusetts. This includes alternative asset managers, such as venture capital and buyout funds. Proposals are due by March 9.

CoPERA in the hunt for director

Chris Reilly

resigned last month as head of alternative investments for the Colorado Public Employees’ Retirement Association to join the family office of Kemnay Advisory Services. He joined the pension fund in early 2004. CoPERA’s job posting for a replacement director is set to close Jan. 10. In the interim, CIO Jennifer Paquette is handling Reilly’s responsibilities.