WARNING SIGN: CalPERS Fails in Carlyle Group Co-Investment

Posted on 12/03/2019


As the California Public Employees’ Retirement System (CalPERS) presses on with co-investments in private equity, the risk of these investments are all too real. CalPERS was a co-investor in marketing firm Acosta Inc., committing around US$ 100 million as a co-investor with The Carlyle Group LP. Carlyle Group acquired Jacksonville, Florida-based Acosta in 2014. However, […]