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British Columbia Pension Mulls $2bn PE Asset Sale

Private Equity Insights

The pension fund is close to finalizing the sale of some of its Europe-focused investments and is in the middle of negotiations to reduce some of its US positions, one of the people said, who asked not to be identified due to the confidentiality of the matter. The pension fund held C$28.3 from the prior fiscal year.

Assets 130
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Zephyr Peacock Raises $200m to Invest in India’s Private Markets

Private Equity Insights

While it is never easy to raise a “blind pool” of capital, Mukul Gulati, president and chief investment officer of Zephyr Peacock India, says India is on everyone’s radar and pension funds and large endowment funds are sitting on a large pool of money. The so-called ZIRP (Zero Interest Rate Phenomena) is well and truly history.

Investing 130
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OMERS to Stop Making Direct Private Equity Investments in Europe

Pension Pulse

Gillian Tan, Swetha Gopinath and Layan Odeh of Bloomberg report OMERS to stop making direct private equity investments in Europe: The Ontario Municipal Employees Retirement System will stop making direct private equity investments in Europe as the pension fund overhauls its operations there, according to people familiar with the matter.

Buyout 59
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What to Expect When You're Expecting Venture Capital Returns

This is going to be BIG.

It's also not the "average fund". You don't want the "average" fund, because average funds don't do well--just like you don't want to model the average startup, because you might as well draw a big flaming hole in the ground. And no, the numbers don't exactly add up--but they're more than close enough for venture capital.

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CalPERS CIO Nicole Musicco on Bloomberg Wealth

Pension Pulse

A month ago, Eliyahu Kamisher of the Los Angels Times reported that CalPERS pension fund posts 5.8% gain in its latest fiscal year as the stock market rally and private debt buoyed the largest traditional public pension fund in the United States. pension fund, has yet to release its fiscal 2023 results.

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Transcript: Albert Wenger

The Big Picture

WENGER: It was a very, very lucky landing for Tumblr, because Yahoo really was the only bidder and they were bidding against themselves, but they didn’t really know that. WENGER: Yeah, that had really been my goal since my own first startup in ’96, ‘97, which was a company called W3Health that ultimately failed. Why is that?

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Transcript: Steven Klinsky

The Big Picture

We spent weeks, night and day, studying it, decided it wasn’t a good deal, decided not to bid, which I’m fine with. And then when we decided not to bid at 90, it eventually went up to, you know, 111 or something like that. And you know, so we looked at it very hard, decided not to bid.