‘CalPERS Direct’ Isn’t Exactly Direct
Top officials say CalPERS will be part of two investment partnerships with general partners, but won’t own a stake in them.
Tag: CalPERS Direct
New CalPERS CIO Can’t Start Until January
Yu Ben Meng’s start date is being held up by the Chinese government, which could delay a vote on the launch of a $20 billion direct private equity investment organization.
New Private Equity Model Could Push CalPERS Up in Global Ranks
Preqin data shows California system could become fourth-largest PE investor.
Exclusive: An Inside Look at CalPERS’s New Direct Private Equity Organization
Investments of $20 billion in two CalPERS-backed independent pension organizations would change the face of institutional investing in private markets.
CalPERS Advisor: As Tech Startup Model Shifts, Direct Investment Model Makes Sense
Fewer IPOs mean operational efficiencies rather than leverage become more important for private equity portfolio company exits, Sonsini says.
Eliopoulos: Without Direct Investment Model, CalPERS’s Private Equity Class Will Shrink
CIO tells investment committee there aren’t enough top-tier firms to invest in to sustain growth.
Exclusive: Eliopoulos Discusses Details of CalPERS SoftBank-Styled Plan for PE and VC
Critics express fiduciary concerns.
Exclusive: CalPERS to Announce Direct Investment Program
‘CalPERS Direct’ would help largest US fund to bypass high fees.