CalPERS Dumps A Ton of Docs

CalPERS today released more than 5,000 pages worth of documents related to placement agents used to secure investments from the pension system. These are based on a recent CalPERS board request that each of its general partners provide information on who, if anyone, helped place the funds and how much was paid in fees.

The submissions were voluntary, with approximately 90% of CalPERS investees replying. We’re awaiting a list of the 10% that declined (a CalPERS spokeswoman said that she’d rustle one up).

We have posted most of the voluntary disclosure forms from VC and private equity firms, although not the ones from real estate funds, funds-of-funds and special purpose vehicles (there’s simply too much stuff). If there’s a headline, it’s probably that ARVCO — the placement agency run by former CalPERS board member Alfred Villalobos — received far more in fees (we’re talking multiples) than did any other placement agent.

Also the continuing story about how CalPERS has been a huge proponent of investment transparency and quality corporate governance over the years, but apparently neglected to do some fundamental recordkeeping for its own activities.

What follows is a ton of data. Part II can be found here.

Placement agent disclosure release

Placement agent compensation

Aberdare Ventures

Acon Bastion

Advent International

Affinity Capital

Aisling Capital

Alta Partners

Apollo Alternatives
Apollo Global Management
Apollo/Artus
Apollo Asia
Apollo Credit
Apollo Europe
Apollo Fund III
Apollo Fund IV
Apollo Fund V
Apollo Fund VI
Apollo Fund VII
Apollo Specials Ops 1
Apollo Special Ops 2

Apax Partners

American River Ventures

ArcLight Capital

Audax 1
Audax 2
Audax Mezz
Audax Credit Opportunities

Avenue Capital

Baring Vostok

Belvedere Capital Partners

Blackstone Group

Bridgepoint Capital

Carlyle Group (note: This is just for a Carlyle/Riverstone fund, even though CalPERS has lots of Carlyle investments. The system suggests this was an oversight, and that new docs will be released soon)

Clarus Ventures

Clearstone Capital

Clearwater Capital (Part II)

Clessidra Capital Partners (Part II)

Coller Investment Management

CVC

Court Square (Part II)

Craton Equity Partners

Doughty Hanson (this one’s a bit odd. no “ongoing commitment.” how about original commitment?)

DFJ Frontier

Emergence Capital Partners

Enterprise Investors

Essex Woodlands Health Ventures

Ethos

Falconhead Capital

Freeman Spogli & Co. (Part II)

First Reserve

Francisco Partners (Part II)

Garage Technology Ventures

Giza Ventures

Gleacher Mezzanine (Part II)