
Institutional cuts to PE: A mixed bag?
On Wednesday, it was reported that CalPERS is looking to sell another $800m of its private equity commitments. The news came the same week that PA SERS announced it was cutting its allocation to private equity to around 15%. This comes after CalPERS sold more than three times that amount in the first half of 2008 in a тstreamliningт measure.
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Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
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