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Interim CIO says Q2 valuations have shown improvement over the fund's Q1 numbers, but will not be finalized until the end of this quarter.
The dispute brings to light issues that are normally shielded behind confidential contracts setting out fee rates and other terms between fundraisers and private equity firms.
CalPERS, private equity, pension fund, Greg Ruiz, Altamont Capital Partners
CalPERS staff suggested plans to create two in-house investment funds were still 'moving forward,' but there was nothing to announce yet.
Venn Growth is in talks with limited partners about a $300 million inaugural offering, which is expected to reach an initial close in Q1 2021.
Something that became apparent with millions of Americans at home relying on local network infrastructure for their livelihoods – back-end network infrastructure could use a lot more upgrading.
At its present level of commitments, L Catterton IX is already 35 percent larger than its predecessor, which closed in 2016 at $2.75 billion.
The firm is one of only a few first-timers in the market during the pandemic. Limited partners are mostly focused on re-upping with their established managers.
The $111.5bn pension can now make co-investments in public companies, stretch into emerging markets and potentially take controlling interests in companies.
Private equity returns dipped earlier in the year, but it remains one of the strongest-performing asset classes for the $75bn fund.
Marketing of Orion’s latest flagship offering is happening as the mining industry contends with the economic impact of the health crisis.

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