CalPERS Commits $1.6B To Hedge, Private Equity Funds

Sep 7 2007 | 1:16pm ET

The nation’s largest public pension fund is spreading its wealth among a few lucky private equity and hedge funds. In July, the $240 billion California Public Employees’ Retirement System allocated a total of $1.6 billion to seven p.e. and two hedge funds.

According to CalPERS' July investment committee meeting, beneficiaries of CalPERS’ deep pockets include p.e. funds ArcLight Energy Partners IV, ($250 million); Avenue Special Situation Fund V ($400 million); Court Square Capital Partners II, ($150 million); Insight Venture Partners VI, ($68 million); KKR Asian Fund, ($275 million); KPS Special Situation Fund III, ($175 million); and Magnum Capital, LP (€100 million).

A pair of hedge funds including CRG Partners, a global macro fund managed by Money Management Group, and SuttonBrook Capital Partners, a multi-strategy fund with a focus on event driven strategies managed by SuttonBrook Capital Management, each received $75 million in commitments.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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