Sunday, 2 August 2015
Last updated 1 day ago
Mar 14 2008 | 1:18am ET
The $240 billion California Public Employees’ Retirement System has committed a total of $1.4 billion to five private equity funds and a hedge fund.
Last month, CalPERS committed $500 million to the Riverstone/Carlyle Global Energy & Power Fund IV; $442 million to Bridgepoint Europe IV fund; $200 million to the Resolute Fund II; $106 million to Carlyle Europe Technology Partners II and $100 million to Advent Japan Private Equity Fund.
The Advent Japan Private Equity Fund is the first dedicated vehicle raised by Advent International to invest in Japanese middle-market companies “requiring a high degree of operational change and strategic direction,” according to CalPERS.
The fund also committed $100 million to the Marquee Fund, a multi-strategy hedge fund run by Evnine & Associates.
“The EvA multi-strategy product will utilize ‘learning and forgetting’ algorithms to adjust strategy weights,” according to CalPERS.
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…