Calpers Makes $1bn Bet on Small Funds as New CIO Reshapes Pension

Calpers Makes $1bn Bet on Small Funds as New CIO Reshapes Pension

The California Public Employees’ Retirement System is making a $1bn wager that small private equity firms without the heft of the biggest buyout institutions can boost the pension giant’s returns and clout. Calpers, the largest public pension fund in the US, will...
Horizon exit delivers 3x return

Horizon exit delivers 3x return

Horizon Capital has exited its investment portfolio company AgriBriefing with a sale of the business to Five Arrow’s-backed Mintec, delivering 3x return on invested capital in the process. Headquartered in London, with offices in the US and France, AgriBriefing...
Goldman Sachs raises $1.6bn private capital for climate fund

Goldman Sachs raises $1.6bn private capital for climate fund

Goldman Sachs Asset Management, the fund arm of Goldman Sachs, said on Tuesday it had raised $1.6bn for its first private equity fund focused on investing in companies providing climate and environmental solutions. The final close of GSAM’s Horizon Environment &...
Private equity acquires a taste for drug development

Private equity acquires a taste for drug development

Private equity firms that deemed drug development too risky for their liking in the past are increasingly investing in the sector, raising dedicated funds and coming up with deals that compensate them for the uncertainty involved. These firms are seeking to capitalize...