The California Public Employees Retirement System recently expanded its roster of private equity managers with five new mandates for its $257 billion fund.
The pension fund in August dished out a total of $1.1 billion to U.S. and European buyouts shops.
According to minutes posted on CalPERS’ Web site, the system committed $50 million to KH Growth Equity Fund, €150 million to Lion Capital Fund II, $200 million to Advent Latin America Private Equity Fund IV, $150 million to Ares Distressed Securities Fund and €400 million to ESP Golden Bear Europe Fund.
Gabriel KurlandBy Gabriel Kurland: On November 12, 2009, the U.K.’s Serious Fraud Office (“SFO”), an independent government department that investigates and prosecutes fraud and corruption cases, announced that it is probing the London-based, Dynamic Decisions Capital Management Ltd., after the matter was referred to it by the Financial Services Authority. More...
Ireland has launched the EUR 26 million ($40 million) Bank of Ireland Seed and Early Stage Equity Fund to invest in startup and early stage companies. More...