Oaktree-Backed 17Capital Raises Almost $3bn For First Credit Fund

Oaktree-Backed 17Capital Raises Almost $3bn For First Credit Fund

17Capital, a financier of buyout groups, has raised $2.9bn for its first credit fund, which will lend money to private equity funds looking to boost returns by using more leverage to close deals. The London-based investment firm, backed by Oaktree Capital, is already...
CalPERS approves 9.3% budget increase

CalPERS approves 9.3% budget increase

CalPERS’ board on Tuesday approved a fiscal year 2023 budget of $2.1bn, up 9.3% from the prior year driven primarily by external alternative investment management fees. The staff at the $474.5bn California Public Employees’ Retirement System, Sacramento,...