CalPERS places spotlight on placement
One not strictly Asia Pacific development that emerged lately – but one that certainly has implications for GPs here – is the latest wrinkle in the ongoing controversy over the relationship between California Public Employees' Retirement System (CalPERS) and placement agents who secured investments from the $206 billion LP.
CalPERS has just released some more than 600 documents totaling over 5000 pages relating to previous dealings with placement agents. These included a sheaf of voluntary disclosures by around 90% of all...
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