Fri, Oct 28, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

CalPERS to launch new investment vehicle for local emerging managers

Tuesday, July 12, 2011

Real Desrochers
Opalesque Industry Update – The California Public Employees’ Retirement System has announced plans to launch a new investment vehicle that will focus on domestic emerging managers aimed at pension fund’s private equity program.

Réal Desrochers, Senior Investment Officer for CalPERS’ Alternative Investment Management Program said: “Through the manager, we’re looking for partnerships whose principal officers have individual experiences and underlying investment strategies to generate earnings in the top quartile of private equity investments. This entails partnerships or direct investments, deal sourcing, analyzing, screening, due diligence, negotiating and closing transactions, monitoring and exiting investments.”

Desrochers said CalPERS has initiated a Request for Information process to cast a wide net for a vehicle that is structured as a customized fund-of-funds to invest in partnerships that may be under-capitalized.

It added that the partnership is expected to generate a sizeable potential for superior risk-adjusted rates of returns for CalPERS AIM program.

CalPERS said it is hoping to establish a long-term relationship with managers who will invest on behalf of the pension fund for a duration between seven and ten years across the private equity spectrum, including venture capital, expansion capital and leverage buyout transactions.

The new investment vehicle will supplement other emerging manager portfolios in the AIM Program to diversify investments and generate added profits by partnering with managers and funds. It is hoped that eventually, the managers will join the core AIM lineup of partners and funds.

Interested parties wanting to participate in the program can submit their intentions by completing a submission form that can be downloaded on the CalPERS website at until July 25.
Precy Dumlao

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities, Lansdowne's Roden says likes animal genetics company Genus[more]

    Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities From As ValueWalk reported back in February, earlier this year Andrew Lawrence set out to raise $250 million to $500 million for a fund that will buy stakes in hedge funds that have suspended redem

  2. Other Voices: Don’t mistake style for skill — The impact of style factors on trend follower performance[more]

    By John Dolfin, CFA Chief Investment Officer and Christopher Maxey, CAIA, Senior Portfolio Manager of Steben & Company: Managed futures have become an alternative asset class that is widely used by investors seeking overall portfolio diversification and absolute returns independent of the

  3. Opalesque Roundtable: Style drift, poor communications and credibility fatigue are biggest red flags for hedge funds investors[more]

    Komfie Manalo, Opalesque Asia: Style drift, poor communications and credibility fatigue are the biggest red flags for hedge funds investors, said participants of the latest 2016 Opalesque Investor Roundtable, sponso

  4. Barclay CTA Index down 0.40% in September (+0.10% YTD)[more]

    Managed futures traders lost 0.40% in September according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 0.10% year to date. “The US Fed, in spite of its hawkish tone, opted to hold rates steady which roiled financial markets,” says Sol Waksman, founder and president of BarclayHe

  5. Opalesque Exclusive: Meet Emma, your friendly A.I. helper[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Shaunka Khire, who co-designed an artificial intelligence (AI) robot called EMMA/MANSI, talks to Opalesque