Source: http://finance.fortune.cnn.com/2011/01/28/why-calpers-is-selling-big-buyout-fund-stakes/
Friday, January 28, 2011
Why CalPERS is selling big buyout fund stakes
Trade pub Private Equity Insider recently reported that CalPERS is marketing more than $800 million worth of big buyout fund stakes on the secondary market. It didn't provide specifics, but I've learned that the public pension giant is offering 20% of its positions in the following vehicles (6/10/10 IRRs in parentheses, based on CalPERS data): [...]
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