CalPERS Committs $100M To P.E. FoFs

Jun 20 2007 | 8:53am ET

The $245 billion California Public Employees’ Retirement System is committing $100 million to newly formed Washington, D.C.-based emerging markets shop EMAlternatives.

EMAlternatives will focus on investing in firms that employ a variety of investment styles and strategies, including expansion capital, buyout financing, and venture capital throughout the global emerging markets. The firm will also invest in secondaries, co-investments and mezzanine financing opportunities.

“There’s huge investment potential in the emerging markets,” said Russell Read, CalPERS’ chief investment officer. “We have great confidence that EMAlternatives will help us access the best performing managers in the global emerging markets.”

EMAlternatives was founded in March by Ernest Lambers, Nicholas Morriss, John Stephens, Christopher Wright and Janivo Holding, a privately held investment company based in The Netherlands.

Lambers, recently head of emerging markets at AlpInvest Partners, is the firm’s CIO. Morriss and Stephens, founders of and former partners at Cape Point Capital, serve as managing partners. Wright, previously global head of private equity at Dresdner Kleinwort Benson, will chair the firm’s investment committee.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...