CalPERS Allocates $546M To European Private Equity FoFs

Sep 17 2007 | 11:52am ET

The $245 billion California Public Employees' Retirement System has allocated $546 million to Standard Life Investments (Private Equity) Limited, which invests in small- to middle-market buyout funds in Europe via the European Strategic Partners-Golden Bear Europe Fund.

“Our new partner offers us unique access to the premier managers and co-investment opportunities in Europe, leveraging SLIPE’s strong relationships and proven track record,” said CalPERS Chief Investment Officer Russell Read. “We have a particular need for a partner who will focus exclusively on Small to Middle market European private equity.”

Edinburgh, Scotland-based Standard Life is globally ranked by Watson Wyatt as the sixth largest manager of p.e. funds of funds for pension plans.


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note