Domestic emerging managers are the latest focus in the private equity portfolio of the $239 billion CalPERS, with the fund searching for a new investment vehicle, most likely a customised fund-of-funds, to invest in partnerships that may be under-capitalised.
The newly appointed senior investment officer of the alternative investments management program at CalPERS, Real Desrochers, will have authority and management delegation reinstated after it was withdrawn when the former SIO resigned amid a fraud lawsuit.
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