Thursday, 30 July 2015
Last updated 10 hours ago
Nov 9 2007 | 11:20am ET
The California Public Employees Retirement System has committed a total of $1.7 billion to five private equity funds and a pair of multi-strategy hedge funds.
The $254 billion public pension committed $75 million to Carlyle Strategic Partners II, $100 million to EMA Investments, $500 million to PCG Corporate Partners Fund II, $400 million to TGP Asia V and $400 million to WLR Recovery Fund IV.
CalPERS also made a $75 million commitment to Platinum Grove Contingent Capital Partners, a multi-strategy hedge fund with a focus on relative value trading managed by former Long Term Capital Management executives Myron Scholes and Chi-fu Huang. The system also committed $150 million to Canyon Special Opportunities Fund, which is “capped at $1 billion of investments and will not provide liquidity to investors (or performance fees to the managers) earlier than the end of 2009,” according to an internal memo.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…