CalPERS appoints CRO
The California Public Employees' Retirement System (CalPERS) has appointed Larry Jensen as chief risk officer, a new position.
The appointment comes after a rocky few weeks for CalPERS in which it saw two of its top fund managers leave the business: Joncarlo Mark, with the firm since 1999, and Mike Dutton, who looked after CalPERS' large buyout remit since 2006, both left last month.
Jensen served as interim chief risk officer since October, when he was appointed to head the office of enterprise risk management and to assess risk independently for CalPERS. Previously Jensen was the assistant executive officer for the administrative services branch since January 2010.
More on People
CapMan Managing Partner Johan Pålsson to depart
Pålsson resigns from management effective immediately; to stay as buyout partner until February 2024
Capvis grapples with EUR 1bn fundraise amid team exodus
Five partners for the Swiss-based GP leave firm in last two years; sponsor started sixth buyout fundraise in early 2023
Golding adds insurance expertise with hire for institutional clients team
Tim Ickenroth joins as director with prior experience at BNP Paribas and UniCredit
Travers Smith bolsters funds practice with hire from Proskauer
Tosin Adeyeri joins with particular experience in secondary portfolio transactions
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater