Wednesday, 6 May 2015
Last updated 4 hours ago
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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…