CalPERS considers KKR account
The nation’s largest pension system considers a new type of alternative investment commitment.
I’ve begin giving thought to 2012 storylines in private equity. One of them certainly will be the rise of large custom managed accounts, of the type recently agreed upon by the New Jersey Division of Investment with The Blackstone Group (BX) and the Texas Teachers’ Retirement System with Apollo Global Management (APO) and Kohlberg Kravis Roberts & Co. (KKR).
