CalPERS appoints new private equity investment executive
The California Public Employeesт Retirement System (CalPERS) has appointed Real Desrochers as its new private equity investment executive.
He replaces Leon Shahinian, who stepped down in August 2010 following a corruption scandal. Joseph Dear had stepped in to take Shahinian's duties until a replacement was found.
Prior to joining CalPERS, Desrochers held a similar role at the California State Teachers' Retirement System. He also worked for Canada's largest pension fund Caisse de Depot of Quebec as well as being the chief investment officer for the Saudi Arabian Investment Co.
More on UK / Ireland
Inflexion to exit Xtrac in SBO to MiddleGround Capital
Sale of UK-based transmission-systems manufacturer marks Buyout Fund IVтs seventh exit
Federated Hermes raises USD 486m for fifth co-investment fund
Fund surpassed its USD 400m target; its 2018-vintage predecessor raised USD 600m against a USD 350m target
FPE Capital acquires, merges NoBlue and Elevate2
GPтs investment in NetSuite partners marks fifth investment out of third fund
Palatine reaps 6x money on SBO of Anthesis to Carlyle
GP will be reinvesting in UK-headquartered sustainability firm, acquiring a minority stake
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds