News and Analysis

As the state’s fiscal year draws to a close, the California Public Employees’ Retirement System (CalPERS) is mapping out an investment strategy to carry it through the next fiscal year. When the pension fund’s investment committee meets in Sacramento today, it will outline a plan that calls for few new commitments to private equity funds […]

The search is on for a fund-of funds manager at the California State Teachers’ Retirement System (CalSTRS). Last week the pension fund issued an RFP asking qualified groups to submit proposals for a $100 million mandate to run its New and Next Generation Managers Program. In late February the Sacramento-based pension fund set aside $100 […]

The search is on for a fund-of funds manager at the California State Teachers’ Retirement System (CalSTRS). Last week the pension fund issued an RFP asking qualified groups to submit proposals for a $100 million mandate to run its New and Next Generation Managers Program. In late February the Sacramento-based pension fund set aside $100 […]

Now that it has settled the yearlong battle for disclosure, the California Public Employees’ Retirement System (CalPERS) has moved on to other things. It has begun the tedious process of evaluating each of the investments in its $6.9 billion private equity portfolio. Today the Sacramento pension fund’s investment committee will review its California Emerging Ventures […]

Texas Attorney General Greg Abbott last week ruled that the University of Texas Investment Management Co. (UTIMCO) must release top-line performance data on funds within its private equity portfolio – whether or not those partnerships signed confidentiality waivers. In doing so, he disagreed with arguments put forth by Atlas Venture and Austin Ventures that such […]

The California Public Employees’ Retirement System (CalPERS) last Monday put an end to nearly a year of tensions between itself, private equity fund managers and the media. All 12 members of the CalPERS investment board approved a plan to post performance data on all 250 funds in its $6.7 billion private equity portfolio on the […]

Attention principals, associates and analysts: California State Teachers’ Retirement System (CalSTRS) wants you! The Sacramento pension fund has set aside $100 million to invest in private equity funds managed by young and emerging partnerships. That means it will invest in either funds managed by new partnerships spun out of bellwether firms, young firms raising their […]

After a year of bids, appointments and negotiations, California State Teachers’ Retirement System (CalSTRS) has made one final shuffle to its roster of advisors and gatekeepers. Last week the Sacramento-based pension fund replaced longtime advisor and gatekeeper Pathway Capital Management with Cambridge Associates LLC. Cambridge Associates will recommend private equity partnerships, perform due diligence and […]

All but 10 of the general partners in the California State Teachers’ Retirement System’s (CalSTRS) $4.4 billion private equity portfolio have agreed to waive confidentiality agreements to allow the pension fund to disclose how their investments are performing. CalSTRS will release an updated list of internal rates of return (IRRs) at the March 5 meeting […]

A former vice president in Salomon Smith Barney’s investment banking division, David Loglisci, has taken charge of New York State Common Retirement Fund’s $6.5 billion private equity portfolio. He replaced Paula Chester as director of private equity investment January 2. Loglisci has not yet announced changes to the fund’s investment strategy, nor has he made […]