Christopher Witkowsky
The $134bn pension’s private equity portfolio has been weighed down in part by being ‘overweight’ to buyouts.
The drama surrounding the relationship between CalPERS, Apollo and controversial placement agent Alfred Villalobos continues. Investment staff at the $206bn pension allegedly questioned the relationship as long ago as 2006.
IR veteran Maryfrances Metrick will join the Blackstone spinout in October amid fundraising for the firm’s second fund, targeting $3.75bn.
A high-ranking CalPERS private equity official allegedly asked Apollo's Leon Black in 2006 to bring investment opportunities directly to him, rather than using 'third parties'.
The firm wants to take advantage of new pools of capital, Suzanne Donohoe, head of KKR's client and partners group, told PEO in an exclusive interview.
The $130bn pension has promoted John Petzold to head the absolute return asset class, which includes infrastructure. Earlier this year, the pension promoted Margot Wirth to head the private equity programme.
Dynegy has a history of private equity transactions, including a $2.35bn deal in 2005 in which Warburg Pincus took over one of its subsidiaries.
On both sides of the Atlantic regulatory barriers are making fundraising for ‘foreign’ firms more difficult and expensive. GPs in emerging markets could be left out in the cold.
The Canadian pension’s private equity, real estate and infrastructure holdings tempered losses from equities in the first fiscal quarter of 2011.
The firm’s 2006 global buyout fund, which raised nearly $18bn, is nearing the 75% invested threshold.