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The largest pension fund in the U.S. is embracing a new fee reporting template developed by the Institutional Limited Partners Association (ILPA).
The California Public Employees’ Retirement System (Calpers), the largest public pension fund in the U.S., is looking for more transparency from private equity firms and calling for a more open reporting process going forward. That’s important because, in 2015, Calpers invested $27.6 billion in private equity. But as big as that investment seems, it’s less...
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