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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...