Gregory Roth
The California Public Employees’ Retirement System severed its six-year-old contract with Centinela Capital Partners, a Los Angeles private equity custom account manager that oversaw two emerging manager accounts worth $1 billion, according to Brad Pacheco, a CalPERS spokesman. Earlier this year, Centinela filed a complaint against the $245 billion pension system claiming racial bias in CalPERS’s decision to choose another firm, Credit Suisse Customized Fund Group, to manage a third account with a similar mandate.
As CalPERS moves aggressively to overhaul its private equity program, it now has a full senior team in place to carry out the changes, according to Buyouts, peHUB's sister magazine.
America’s second-largest public pension, the $152 billion California State Teachers’ Retirement System, committed more than $1 billion to a bevy of private equity and debt-related funds in the second and third quarters, according to the pension’s semi-annual private equity report, which was presented to the pension’s board in early September.
Wisconsin grinds some early returns of out PE investments including Blackstone and the Carlyle Group in a mega-secondary deal.
New York City’s five pension funds made $600 million in fresh commitments to three private equity funds, according to a spokesman for the New York City Comptroller’s Bureau of Asset Management, which manages their assets. As of June 30, 2012, the five pensions had combined assets of $122 billion. The three new commitments are $300 […]
Swander Pace Capital, a lower-to-mid-market buyout firm specializing in consumer products companies, has begun raising a new fund, Swander Pace Capital V LP, a person familiar with the offering told Buyouts, peHUB’s sister magazine. The fund has a $450 million target. Founded in 1996, Swander Pace has offices in San Francisco and Bedminster, N.J., and […]
Vicki Fuller, an executive at Alliance Bernstein, was tapped to be chief investment officer of the $150 billion New York State Common Retirement Fund, the nation’s third largest pension fund. She is due to start on Aug. 30, and her annual salary for running a pool of money larger than the annual output of New […]
Although Hershel Harper was formally named the new chief investment officer of the $25 billion South Carolina Retirement Systems, the appointment was overshadowed by a pitched drama took that place among feuding members of the commission that oversees the pension fund, according to Buyouts, peHUB's sister magazine...
Credit Suisse, the giant Swiss bank, says it plans to sell two of its private equity units as part of a new plan to boost its capital base, according to Buyouts, peHUB’s sister magazine. The units for sale are its fund-of-funds group, the Credit Suisse Customized Fund Investment Group, which oversees $27.7 billion in private […]
“Ultimately, we’re judged by the same measures as a GP, which is performance.”