Christopher Witkowsky
The separate account will target investments in funds with commitments of up to $1bn that focus on international markets.
The firm, founded by former Goldman alumnus Neil Auerbach, has attracted investments from big pensions, including $400m from Danish pension ATP.
Hudson Clean Energy Partners has scored some big commitments from pensions, including $400m from Danish pension ATP.
The pension will reduce its commitment to the $6bn fund raised in 2007 by the maximum allowed amount.
Blackstone, Centerbridge and Welsh Carson will not see commitments from New Jersey yanked following revelations that the firms unwittingly broke campaign donation rules.
The founder and co-chairman of Fortress Investment Group believes heavier regulation of private equity is both inevitable and positive. It's a 'new aspect of life' having the regulators show up, he said.
The pension made its first ever infrastructure commitments after approving a 1% allocation in 2008.
The pension has built an allocation of up to 5% within its alternatives allocation for investments in infrastructure assets and real assets like gold and timber.
Treating placement agents as lobbyists under California law would impose the proper limitations on the practice, CalPERS’ president Rob Feckner wrote in a letter to the pension’s board.
A majority of US GPs expect carry to be taxed at an increased rate of 39.6%, which will hurt their ability to attract and retain talent, according to a recent survey.