Preeti Singh

The firm is raising almost $12bn in capital across two funds focusing on mega-buyout and mid-market buyouts strategies.

The US development finance institution's rebrand, including its plans to invest equity as an LP in private equity funds, has been delayed.

Commitments to fewer managers and sale of non-core managers on the secondaries market led to mega and large buyout funds exposure dropping by 29.5% from December 2009 to Q1 2019.

Top executives including Howard Marks and James Zelter expressed concern at last week's PDI Forum about political change and the risk of private equity being ‘squashed’.

Details of the firm's latest flagship fund were revealed in Texas Municipal Retirement System documents.

The firm's latest vehicle has a hard-cap of €6.5bn. Here we present performance data from previous funds and key fund term data points for the new vehicle.  

The public nature of CalPERS’ decision-making may be giving competitors an edge.

Each investment or fund commitment should be able to survive the analytical rigour and the scrutiny of the pension's entire team, according to senior PE investment manager John Bradley.

The openness about its private equity directs strategy created a competitor for the pension, according to consultant Wilshire, which also spoke to the board about information management.

“You don’t have a gun to the head and won’t make decisions that can put you at odds with management because of misaligned timeframes and agendas,” according to founder Chas Burkhart.