U.S. Public Pensions Showing Confidence In PE & VC
LP Perspective: U.S. Public Pensions Showing Confidence In PE & VC by Joanna Nolasco, PitchBook
The past year has revealed a somewhat complicated relationship between U.S. public pension funds and their private equity managers. Reports began to circulate last summer that CalPERS--the largest U.S. pension fund—wasn’t sure how much its PE fund managers had collected in profit-sharing fees, claiming a lack of consistency in reporting; the oversight brought . . .
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