*** CalPERS is the largest American limited partner in private equity, with around $55.4 billion in active commitments as of year-end 2011. But its new commitment activity has come to a relative standstill over the past three years, with just $3.6 billion in new commitments ($1.0 billion during 2009, $700 million in 2010 and $1.9 billion in 2011). No new commitments were made in January, while we’ll learn about February activity during next week’s Investment Committee meeting. Hope that PE boss Real Desrochers will soon break his public silence on system strategy.
