News and Analysis

The California Public Employees’ Retirement System plans to channel $6 billion into private equity investments in fiscal 2013-2014 in a move that increases its allocation to the asset class by $1 billion over last year, an official with the $258 billion pension program said.

Pension system increases PE allocation by 20 percent CalPERS channeled $5B to private equity last year CalPERS earmarks 10 percent for direct investments The California Public Employees’ Retirement System plans to channel $6 billion into private equity investments in fiscal 2013-2014 in a move that increases its allocation to the asset class by $1 billion […]

The shutdown of the federal government has already begun affecting the private equity industry, as some deals were temporarily disrupted because of confusion about financing that involved the U.S. Small Business Administration.

Christopher Pace, who has spent a good part of his career managing funds of funds and co-investments, has agreed to join growth equity investor Vintage Fund Management as a principal with roles in investor relations, fundraising and portfolio management.

It’s the 2008 vintages that are working the hardest in terms of year-on-year internal rate of return (IRR) increases for the $170 billion California State Teachers’ Retirement System, according to a comparison of performance data for the periods to March 2012 and March 2013, with vintages ranging from 1989 to 2008. The top four increases […]

Melody Capital Partners, a startup player in the credit space, has landed $300 million in commitments toward its planned $500 million inaugural loan fund, a person with knowledge of the fundraising told Buyouts.

TCW Group continues to shop for more top quartile funds and other properties to compile an “all-star team” after the Los Angeles money management firm with $130 billion in assets paid an undisclosed sum to buy Craton Equity Partners, a private equity firm that survived a downturn in green investing after the financial crisis.

It is shaping up to be another lucrative year for professionals employed by North American buyout and growth equity firms—a development consistent with a gradual recovery in the fundraising market over the last few years.