Saturday, 18 April 2015
Last updated 4 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.
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…