CalPERS.(Hirings)(University of Colorado Foundation hires Convexity Capital Management)(European Central Bank hires Irish Life Investment Managers)(First Investors Management hires Vontobel Asset Management )

Pensions & Investments, March, 2006

SACRAMENTO, Calif. - CalPERS committed up to $250 million to Ares Corporate Opportunities Fund II, a private equity fund. The $205 billion California Public Employees' Retirement System also committed $250 million to Carlyle/Riverstone Global Energy and Power Fund III, a $3.8 billion energy-related fund.

In addition, CalPERS committed $50 million to Falconhead Capital II, a buyout fund investing in midsize leisure and sports companies, and $75 million to Levine Leichtman Capital Partners Deep Value Fund, a distressed debt fund. Another $100 million will go to KBC Blue Diamond fund, which invests in Asian funds of hedge funds. The limited partnership is run by KBC Alpha Asset Management, a unit of KBC Groep NV, a Belgian financial services firm. Chicago...

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