Amanda Janis

Dan Prendergast will relocate to London as the placement firm works to build up its franchise in Europe and Asia.

Since taking the helm at CalPERS in early 2009, CIO Joseph Dear has made it clear he considers private equity, including real estate, a crucial part of the pension plan’s investment strategy. PERE Magazine, March 2012 issue

Since taking the helm at CalPERS in early 2009, CIO Joseph Dear has made it clear he considers private equity a crucial part of its investment strategy. But things haven’t been business as usual: he’s taken fund managers to task over alignment of interest, led an overhaul of the pension’s allocation model, sorted out the aftermath of a ‘pay-to-play’ scandal and hired a veteran private equity chief. Amanda Janis stops by Dear’s office in Sacramento to learn how CalPERS continues to find value in private equity

CalPERS has elected to do away with traditional allocation labels, may push for performance-based fees and prohibit consultants from also managing its capital. Is this a sign of bigger things to come?

The Abu Dhabi-backed investment group will pour $500m more into the global private equity and real estate firm to further expand its business lines, prompting speculation about Carlyle's desire to go public.

Apax has reportedly beat out rival private equity consortiums to become the exclusive bidder on the world’s fourth-largest employer, which has grown considerably under private ownership.

Veteran European fundraiser Elizabeth O’Reilly has left the French firm for KKR, as the listed giant continues to strengthen its IR team.

The initiatives are among several - including support of a state bill forcing placement agents to register as lobbyists - designed to ‘restore confidence, integrity and accountability’.

Simon Walker plans to leave the UK trade association next year.

The global head of Clifford Chance’s private funds group, Jason Glover, will establish a UK practice for Simpson Thacher & Bartlett.