Jenna Gottlieb

Why did a law firm take a fee to re-introduce CalPERS to one of its long-term GPs?

The $218 billion pension giant won a fee break from CIM Group, a real estate manager with ties to Alfred Villalobos.

The Economic and Financial Affairs Council has agreed to a text for the Alternative Investment Fund Managers Directive to be put before the European Parliament. A final decision is expected within days.

The selected firm will conduct an investment risk review on the Iowa Public Employees’ Retirement System’s private equity programme, among other asset classes.

Manatt Phelps, which took a fee from an LA buyout firm for arranging a CalPERS meeting, has agreed to pay a fine and accepted a five-year ban on facilitating business with New York pension funds.

The power struggle between GPs and LPs has escalated to a fever pitch in a recent court action involving a Bank of America Merrill Lynch real estate fund, writes Jenna Gottlieb.

Patricia Hedley joined General Atlantic in 1987 as an investment professional targeting companies in the business services and technology sector.

Placement agents that work with California’s public pension funds will be required to register as lobbyists, putting an end to fees based on the success of a fundraising.

ILPA, the LP-focused industry group, plans to issue new guidelines for capital calls, distribution notices and portfolio company quarterly reports. The initiative comes exactly one year after ILPA’s Private Equity Principles were released.

The Washington, DC trade group has more than doubled its membership to include mid-market firms, and has created a committee to consider issues relating to the small and mid-market.