Institutional Investor

The California pension fund responds to a letter sent to it by State Treasurer John Chiang calling for legislation on fee disclosure.

John Chiang urges CalPERS and CalSTRS to work with him to 'mop up another private equity industry mess'.

The firm, which manages investments of non-profit organisations, hired Chris Anderson earlier in the summer to focus on secondaries and recently appointed Chris Willoughby as new CIO starting next week.

The endowment has sold about 100 private equity fund stakes totaling roughly $1.7bn in the past 30 months.

Sovereign wealth funds may turn out to be opportunistic sellers rather than competition on the buyside, according to Rudy Scarpa of Pantheon.

The Nordic specialist has acquired a stake in EQT Expansion Capital II from its seventh fund.

NorthStar Realty Finance was one of the buyers in transactions that totalled about $500m out of the $1bn offering.

Consumer groups’ concerns regarding the fund’s investment in a payday lender prompted the New Jersey State Investment Council to explore various options for dealing with the exposure.

The Simsbury, Connecticut-based private equity and real estate secondaries firm was oversubscribed and exceeded its initial target by $600 million.

The $36bn university endowment has hired Cogent Partners to sell some of its real estate interests.