Meketa Investment Group, the private equity consultant of California Public Employees’ Retirement System (Calpers), has found that the pension fund’s current private equity investment pace is likely to be insufficient to maintain target exposure to the asset class, following a PE programme annual review.
North America-focused fund held a first close in June 2020 and has made 20 investments
Paragon Partners will own a 55% in the newly formed entity following the carve-out
FPE acquired the assessment software in 2016 and has sold it to Battery Ventures' Learnosity
Company was reportedly marketed based on EBITDA of €16m