Private equity firms seek novel exits from oil investments

Private equity firms seek novel exits from oil investments

Private equity firms that piled into oil-production assets in the past few years now find themselves stuck, and forced to contemplate novel ways to make an exit. Even with the recent vaccine-induced surge in oil prices, industry executives say initial public offerings...
CalPERS allocates $8.45 billion to alternatives

CalPERS allocates $8.45 billion to alternatives

CalPERS committed a total of $8.45 billion to alternative investments, according to a report to the board of the $402.9 billion Sacramento-based pension fund. The California Public Employees’ Retirement System’s staff under its discretion committed $2...