CalPERS returns to private equity market: report
Date: November 20, 2008
(Reuters) – California Public Employees’ Retirement System, the largest U.S. public pension fund, is back in the market for stakes in private equity funds after selling $2 billion of partnerships earlier this year, Bloomberg said.
“It’s now a better time to be a buyer of secondary (investments) than a seller,” Leon Shahinian, Calpers’ senior investment officer for alternative asset management, told the agency in an interview.
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Source: Reuters
