The pension fund’s Golden State venture portfolio has commitments of $560 million and an overall IRR of 0.9% to date.
Among the CalPERS investments with falling IRRs are Khosla Ventures III and Khosla Venture Seed, both from 2009
Of the 14 cleantech funds in CalPERS CETF portfolio, five had negative returns while nine had positive ones, as of the end of 2011
The Sacramento Private Equity Partners portfolio shows mixed results from vintages 2006 to 2011, with median IRR of -4.2%
Some Canadian pensioners can retire a little easier knowing that the $146 billion Canada Pension Plan Investment Board stands to gain a huge 3x-plus return of about $933 million from the sale of its direct stake in Skype Technologies to Microsoft. The investment seems to be a major validation of the strategy of several large […]
“It was the best of times, it was the worst of times.” The opening sentence to A Tale of Two Cities by Charles Dickens sums up the current fund-raising environment for emerging managers. It is the best of times given the substantial and increasing demand from limited partners to invest in venture capital, but it […]
HARRISBURG, Pa. – Dale Everhart was expected to join the Public School Employes’ Retirement System of Pennsylvania (PSERS) as executive director in January, replacing James A. Perry who has headed the $42 billion pension for the past 14 years. Mr. Everhart has spent his career in private equity at the Commonwealth of Pennsylvania State Employes’ […]
HARRISBURG, Pa. – Dale Everhart was expected to join the Public School Employes’ Retirement System of Pennsylvania (PSERS) as executive director in January, replacing James A. Perry who has headed the $42 billion pension for the past 14 years. Mr. Everhart has spent his career in private equity at the Commonwealth of Pennsylvania State Employes’ […]
SACRAMENTO, Calif. – For the second time in less than a year, California Public Employees’ Retirement System (CalPERS) has questioned its two advisers, Pacific Corporate Group Inc. (PCG) and Hamilton Lane Advisors, about how recent staff changes at the firms would affect their services to the $130 billion pension. CalPERS Senior Investment Officer Barry Gonder […]
LOS ANGELES – The $6.5 billion Los Angeles City Employees’ Retirement System (LACERS) raised its asset allocation for alternative investments at a November board meeting to 5% from 3% and boosted its target to 7% from 4%, Chief Investment Officer Dan Gallagher said. “What we really want to have funded is 5%,” he said, which […]