Terminator's Plans Won't Boost PE Secondaries

Friedlander, Josh
January 2005
Investment Dealers' Digest;1/24/2005, Vol. 71 Issue 3, p15
Trade Publication
The article presents the author's views on California's governor Arnold Schwarzenegger's plan to phase out he state's enormous pension plans. These pension plans, upon shutting their doors to new entrants, would unwind their substantial investments in private equity, leading to a big sale of some choice assets. Any sole of these assets on the burgeoning secondaries market would be a boon to that already growing sector of the private equity industry. The proposal has met with stiff resistance from the pensions and from numerous interest groups.


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