In this fourth annual ranking of the world’s largest private equity firms you will find many familiar names and placements but also some notable shuffling in the ranks, reflective of a dramatically changed fundraising market as well as the rise of specialist and emerging markets strategies.
10 min read · 24 January 2013
An online petition urging the pension giant to unload real estate holdings in the state has surfaced – an initiative designed to oppose a new immigration bill signed into Arizona law on Friday.
2 min read · 24 January 2013
CalPERS this week succumbed to public pressure by banning investments with managers who target rent-controlled properties for conversion to market rates. Such deals have burned the pension politically and, in the case of Stuy Town, financially.
3 min read · 24 January 2013
In a letter to its LP base, Apollo characterised an agreement to reduce CalPERS’ fees by $125 million over five years as an “enhancement” of its relationship with the pension, and said that it plans to accommodate a trend toward separate accounts.
2 min read · 24 January 2013
The $132bn California State Teachers' Retirement System named Diloshini Seneviratne, a senior investment officer on its private equity team, as its first portfolio manager for infrastructure.
3 min read · 24 January 2013
The firm and the pension have forged a ‘strategic relationship' in which fees will decrease on existing and new investments Apollo manages solely on behalf of the California pension.
2 min read · 24 January 2013
The firm has accused its departed co-founder of 'unethical' conduct in a pension pay-to-play scandal. Rattner denies the accusation.
2 min read · 24 January 2013
Commingled private equity real estate funds will remain a force within the property investment world, amid suggestions institutional investors’ call for more direct investments could be short-lived.
1 min read · 24 January 2013
The California Public Employees’ Retirement System considers ban on investments with private real estate fund managers looking to convert rent stabilised apartments into market rate units, a strategy employed in the Peter Cooper Village and Stuyvesant Town deal in Manhattan.
3 min read · 24 January 2013
A raft of executives has departed Credit Suisse Real Estate Private Fund Group including directors Manjul Ramchandanii, Lee Purcell, Doug Kinney, Alok Gaur, Daniel Taylor and Ben Linder. Anthony Carpenito is now heading the group, which has been rolled into the bank’s private equity fundraising arm.
2 min read · 24 January 2013
