2009 saw the size of the emerging markets fund of funds investor’s portfolio increase by 7% from £2.33bn to £2.5bn.
The firm and the pension have forged a ‘strategic relationship' in which fees will decrease on funds Apollo manages 'solely' for CalPERS.
The $132bn California State Teachers' Retirement System named Diloshini Seneviratne, a senior investment officer on its private equity team, as its first portfolio manager for infrastructure. CalSTRS chief investment officer Christopher Ailman said ‘we’re going to be doing our first deals’.
Fubon, which is partnering with China Development Bank and the Fujian provincial government, will reportedly raise RMB5bn for the fund.
Multiples Alternate Asset Management's LPs include CPPIB, whose $100m commitment marks the Canadian pension's first Indian fund investment.
A raft of executives has departed Credit Suisse Real Estate Private Fund Group including directors Manjul Ramchandanii, Lee Purcell, Doug Kinney, Alok Gaur, Daniel Taylor and Ben Linder. Anthony Carpenito is now heading the group, which has been rolled into the bank’s private equity fundraising arm.
The smaller of the two Singaporean sovereign wealth funds is backing the Indian company’s energy expansion plans.
The mega-firm has hired a lobbyist to advocate against a proposed California law that would end payments to placement agents for successful fundraisings.
The portfolio is now valued at C$7.9bn, versus C$10bn at the end of 2008. The Canadian pension also said the portfolio's -5.5% return in 2009 occurred ‘largely because’ of the sale of its interest in the Macquarie Infrastructure Group.
The new firm, Hermes GPE, will look to acquire in-house private equity programmes from asset managers getting out of the business, said CEO Alan MacKay.