CalPERS is implementing a standardized reporting form for its private equity general partners, confirmed Wayne Davis, spokesman for the $234.3 billion retirement system, in an e-mail.
Beginning March 1, all of the Sacramento-based California Public Employees' Retirement System's private equity managers will required to use a form adapted from the Institutional Limited Partners Association's standardized capital call and distribution template. Previously, there was no standardized reporting method.
CalPERS officials are implementing the new reporting form to enable the private equity program, which has $49.5 billion in private equity commitments, to be “more focused on risk management, transparency and good governance,” according to a CalPERS news release.
