Category Archives: Private equity

Our New York Magazine Article: “‘Alpha Wolves in the Henhouse’: California’s Multibillion-Dollar Private-Equity Boondoggle”

Putting CalPERS under the hot lights for its questionable private equity plans.

JJ Jelincic: CalPERS’ New Private Equity Model – What’s the Payoff?

CalPERS claims for its private equity “new business model” don’t add up. That suggests there are other motives.

Pathbreaking Fiduciary Duty Suit Against KKR/Prisma, Blackstone, PAAMCO, and Others to Proceed

An important fiduciary duty lawsuit against some of the biggest names in the hedge fund and private equity worlds is moving forward. If the plaintiffs win, it could change the balance of power between investors and fund managers.

CalPERS PR Messaging on Private Equity Backfiring as Lack of Justification, Flailing About, Become Obvious

CalPERS looks not just reckless but also foolish as it keeps rejiggering a dubious private equity scheme that it presented as ready to go months ago.

Post Office Privatization Thrust Awaits (Stalled) Publication of Trump Task Force Report

The Post Office, its Universal Service Obligation, privatization efforts, how (and possibly why) those efforts are stalled.

Sears Bankruptcy Engineered to Benefit Executives and Stiff Workers

Another look at the ugly Sears bankruptcy.

New York Media Touts Private Equity Obamist Deval Patrick as Presidential Candidate

Why is the media covering up that Deval Patrick became wealthy via asset-stripping at Bain Capital?

CalPERS Abandons One Part of Private Equity Scheme, Lies About the Rest, but Addled Business Press Continues to Get the Story Wrong

CalPERS is flailing about with its private equity “new business model.”

Our New York Magazine Article: “Fake ‘Unicorns’ Are Running Roughshod Over the Venture Capital Industry”

Fake unicorns are a real problem for the venture capital industry.

CalPERS Self-Dealing: Board and Staff Grift at CalPERS Expense Via Grossly Underpriced Liability Waiver; Fiduciary Self-Insurance Policy “Invalid on Its Face” Due to Lack of Reserves

CalPERS board members and staff have violated state conflict of interest rules to a degree that appears to be criminal.

Only Fools Rush In: CalPERS’ Utterly Barmy Governance Structure for New Private Equity Vehicles Creates Irresolvable Conflicts of Interest

CalPERS’ new PE business model embodies major corporate governance flaws– yet another reason to question Marcie Frost’s competence as CEO.

CalPERS CEO Marcie Frost Describes Her Intent to Leave the CalPERS Board Holding the Bag for Flawed Private Equity Scheme She’s Pushing Them to Approve

CalPERS CEO Marcie Frost is totally out of her depth, but as drowning people often do, she’ll pull other people down to save herself. In this case, it’s the CalPERS board.

CalPERS Stakeholder Groups Refuse to Run CEO Marcie Frost’s Misrepresentations About Its Reckless, Unjustified Private Equity Scheme

CalPERS CEO Marcie Frost continues to damage her already-tarnished name by flogging a hare-brained private equity “new business model” for which she cannot provide a coherent justification.

How Private Equity Bankrupted Seven Major Grocery Chains for Fun and Profit

Grocery chains as yet another example of private equity looting, and what policymakers should do to stop that.

How $14 Billion Private Equity Firm Abraaj Went Bust

The remarkable tale of the biggest private equity fund insolvency evah, Abraaj.