Category Archives: Private equity

CalPERS Illegally Trying to Hide Its Scheming to Hand Over Private Equity to BlackRock

oard candidate Margaret Brown objects to CalPERS’ illegal secret discussions, most importantly, of outsourcing private equity to BlackRock.

More Signs of Private Equity Market Frenzy: Firms Selling Stakes

Yet more evidence that the private equity market is overheated.

CalPERS Goes for Secrecy Over Returns; Exploring Paying Additional Layer of Private Equity Fees by Outsourcing to BlackRock

CalPERS is exploring having BlackRock hide its private equity problems under a costly rug.

New York Times Claims Bidders Circling Uber….But How Serious Is This, Really?

The Uber soap opera continues, and the New York Times is doing its part by applying lots of porcine maquillage.

CalPERS CIO Ted Eliopoulos Handing Off Most of His Job Duties. So Why Isn’t He Taking a $500,000 Pay Cut?

In a remarkably cheeky move, CalPERS CIO Ted Eliopoulos is fobbing off his main job duties on a subordinate. Will the sleepy board react?

Uber: “Battle to the Death” in Benchmark/Kalanick Power Struggle

The fight over Uber would normally be mistaken for a Punch and Judy show if there weren’t so much money at stake.

Public Pension Funds Regain Some Lost Ground in a Good Year, But CalPERS Lags Peers

CalPERS again falls short for its beneficiaries and California taxpayers.

Private Equity Flouts State Regulations by Buying Medical Practices

State regulators have ignored private equity firms buying medical practices when many states bar non-MDs from owing them.

Quelle Surprise! Financial Firm Fines Are Way Down Under Trump

The latest sighting on how financial firms are getting off easy, yet have the bad taste to complain about their paltry punishments.

Fake Unicorns: Study Finds Average 49% Valuation Overstatement; Over Half Lose “Unicorn” Status When Corrected

Investors beware! A large scale study found that every unicorn it looked at was overvalued, on average to a significant degree.

Private Equity Firms Sued Over Retailer Bankruptcies

Private equity is getting more critical coverage and legal pushback, as it wrecks yet more companies.

More Criticism of Private Equity Leverage on Leverage Via Subscription Line Financing

In a refreshing development, a private equity con, subscription line financing, is so extreme that members of the industry are opposing it.

Why CalPERS’ Scheme for an “Independent” Private Equity Entity Is the Wrong Solution to the Problem of Weak Skills

Further discussion of why CalPERS’ latest Big Idea for private equity needs a Big Rethink.

CalPERS Board Uncomfortable With Staff’s “Fire, Aim, Ready” Plan to Create Unaccountable Private Equity Vehicle

CalPERS’ staff is trying to railroad the board with a not-very-well-thought out idea of an “independent” private equity venture.