Transcription
Agenda Item 6e, Attachment 7Page 1 of 18California Public Employees’ Retirement SystemOPEN SESSION MATERIALDISCLOSURE OF PLACEMENT AGENT FEES REPORTFOR PERIOD ENDING: January 31, 2021Firm NameTPG Opportunities Advisers, LLC (Sixth Street Partners, LLC)Asset ClassOpportunistic StrategiesFund*Placement Agent /Firm**Placement AgentEmploymentRegistered with U.S. ornon-U.S. financialregulatory authority**RegisteredLobbyist(s)**Estimated PlacementAgent Compensation**TSSP Adjacent Opportunities Partners; Sixth Street Fundamental StrategiesBrian D'Arcy, Sixth Street Partners, Partner; Ahsha Merson-Haggart, Sixth Street Partners, Managing DirectorInternal employee(s) of the General Partner/Manager or affiliate of General Partner/ManagerTSSP BD is registered with the U.S. Securities and Exchange Commission and is a member of FINRA. Each ofMr. D’Arcy and Ms. Merson are registered representatives of TSSP BD. Mr. D’Arcy holds his Series 7, 63, and 24licenses. Ms. Merson holds both her Series 7 and 63 licenses.Both Brian D'Arcy and Ahsha Merson are in the process of renewing their registration as lobbyists in the State ofCalifornia.TSSP Adjacent Opportunities Partners and Sixth Street Fundamental Strategies (the “Partnerships”) and its affiliateshave not engaged, compensated or agreed to compensate, directly or indirectly, any third-party placement agent inconnection with the offer of assets, securities, or services to CalPERS. However, Sixth Street Partners (“Sixth Street”)does have an affiliated broker dealer that, among other things, coordinates Sixth Street’s fundraising efforts. Thisaffiliated broker-dealer, TSSP BD, LCC (“TSSP BD”), is registered with the U.S. Securities and ExchangeCommission and is a member of FINRA.Each Placement Agent listed above is a registered representative of TSSP BD and is an individual who Sixth Streetbelieves has previously, or could potentially in the future, engage with CalPERS in respect of its potential investmentin the Partnerships.Each such individual is paid an annual base salary plus a discretionary bonus. None of their compensation is in anyway contingent upon the assets, securities or service offered to CalPERS on behalf of the Partnerships. For both Mr.D'Arcy and Ms. Merson, an estimated 2,320 has been allocated to the prospective CalPERS investments. Thisnumber was calculated by taking each individual's cash salary and determining an estimated average hourly rate. Thehourly rate was multiplied by the estimated number of hours each individual has spent lobbying CalPERS for theseprospective investments.*Fund names reflected in this report are preliminary and may not reflect the name of the final fund. Due to regulatory requirements, the fund name isreported as disclosed by the manager/partner on the Placement Agent Disclosure form.**This information is provided directly from the Placement Agent Disclosure as submitted to CalPERS.
Agenda Item 6e, Attachment 7Page 2 of 18California Public Employees’ Retirement SystemOPEN SESSION MATERIALDISCLOSURE OF PLACEMENT AGENT FEES REPORTFOR PERIOD ENDING: January 31, 2021Disclosed CampaignGifts andContributions**NotesTransaction TypeNoneThis information was previously reported to the closed session of the Investment Committee in June 2020. Thisopportunity was actively being negotiated and public disclosure prior to completion of the negotiation and execution ofterms would impair CalPERS' ability to maximize investment returns.New*Fund names reflected in this report are preliminary and may not reflect the name of the final fund. Due to regulatory requirements, the fund name isreported as disclosed by the manager/partner on the Placement Agent Disclosure form.**This information is provided directly from the Placement Agent Disclosure as submitted to CalPERS.
Agenda Item 6e, Attachment 7Page 3 of 18California Public Employees’ Retirement SystemOPEN SESSION MATERIALDISCLOSURE OF PLACEMENT AGENT FEES REPORTFOR PERIOD ENDING: January 31, 2021Firm NameTPG Opportunities Advisers, LLC (Sixth Street Partners, LLC)Asset ClassOpportunistic StrategiesFund*Placement Agent /Firm**Placement AgentEmploymentSixth Street Cottonwood Strategic Holdings I, L.P.Brian D'Arcy, Sixth Street Partners, Partner; Ahsha Merson-Haggart, Sixth Street Partners, Managing DirectorInternal employee(s) of the General Partner/Manager or affiliate of General Partner/ManagerRegistered with U.S. ornon-U.S. financialregulatory authority**TSSP BD is registered with the U.S. Securities and Exchange Commission and is a member of FINRA. Each ofMr. D’Arcy and Ms. Merson are registered representatives of TSSP BD. Mr. D’Arcy holds his Series 7, 63, and 24licenses. Ms. Merson holds both her Series 7 and 63 licenses.RegisteredLobbyist(s)**Both Brian D'Arcy and Ahsha Merson are in the process of renewing their registration as lobbyists in the State ofCalifornia.Estimated PlacementAgent Compensation**Sixth Street Cottonwood Strategic Holdings I, L.P. and its affiliates have not engaged, compensated or agreed tocompensate, directly or indirectly, any third-party placement agent in connection with the offer of assets,securities, or services to CalPERS. However, Sixth Street Partners (“Sixth Street”) does have an affiliated brokerdealer that, among other things, coordinates Sixth Street’s fundraising efforts. This affiliated broker-dealer, TSSPBD, LCC (“TSSP BD”), is registered with the U.S. Securities and Exchange Commission and is a member ofFINRA.Each Placement Agent listed above is a registered representative of TSSP BD, and is an individual who SixthStreet believes has previously, or could potentially in the future, engage with CalPERS in respect of its potentialinvestment in Sixth Street Cottonwood Strategic Holdings I, L.P. Each such individual is paid an annual basesalary plus a discretionary bonus. None of their compensation is in any way contingent upon the assets,securities or service offered to CalPERS on behalf of Sixth Street Cottonwood Strategic Holdings I, L.P. For bothMr. D'Arcy and Ms. Merson, an estimated 720 has been allocated to the prospective CalPERS investments.This number was calculated by taking each individual's cash salary and determining an estimated averagehourly rate. The hourly rate was multiplied by the estimated number of hours each individual has spent lobbyingCalPERS for these prospective investments.*Fund names reflected in this report are preliminary and may not reflect the name of the final fund. Due to regulatory requirements, the fund name isreported as disclosed by the manager/partner on the Placement Agent Disclosure form.**This information is provided directly from the Placement Agent Disclosure as submitted to CalPERS.
Agenda Item 6e, Attachment 7Page 4 of 18California Public Employees’ Retirement SystemOPEN SESSION MATERIALDISCLOSURE OF PLACEMENT AGENT FEES REPORTFOR PERIOD ENDING: January 31, 2021Disclosed CampaignGifts andContributions**NotesTransaction TypeNoneThis information was previously reported to the closed session of the Investment Committee in September 2020. Thisopportunity was actively being negotiated and public disclosure prior to completion of the negotiation and execution ofterms would impair CalPERS' ability to maximize investment returns.New*Fund names reflected in this report are preliminary and may not reflect the name of the final fund. Due to regulatory requirements, the fund name isreported as disclosed by the manager/partner on the Placement Agent Disclosure form.**This information is provided directly from the Placement Agent Disclosure as submitted to CalPERS.
Agenda Item 6e, Attachment 7Page 5 of 18California Public Employees’ Retirement SystemOPEN SESSION MATERIALDISCLOSURE OF PLACEMENT AGENT FEES REPORTFOR PERIOD ENDING: January 31, 2021Firm NameGoldman Sachs & Co., LLCAsset ClassOpportunistic StrategiesFund*Placement Agent /Firm**Placement AgentEmploymentRegistered with U.S. ornon-U.S. financialregulatory authority**RegisteredLobbyist(s)**Estimated PlacementAgent Compensation**Disclosed CampaignGifts andContributions**NotesTransaction TypeWest Street Strategic Solutions Fund I, L.P.Chris Kojima, Goldman Sachs & Co. LLC; Stephanie Ivy Sanford, Goldman Sachs & Co. LLC; Omar Chaudhary,Goldman Sachs & Co. LLCInternal employee(s) of the General Partner/Manager or affiliate of General Partner/ManagerChris Kojima is registered with the Financial Industry Regulatory Authority (FINRA) and qualified under the Series 7,Series 10, Series 24, Series 57 and Series 63 examinations. Omar Chaudhary is registered with FINRA and qualifiedunder the Series 7, Series 24, Series 63 and Series 79 examinations. Stephanie Ivy Sanford is registered with FINRAand qualified under the Series 7 and Series 63 examinations and is also registered with the CFTC/NFA as a SWAPAP and under the Series 3 examination.Stephanie Ivy Sanford is registered in the State of California. Each of Chris Kojima and Omar Chaudhary isin the process of registering in the State of California.Each of the placement agents are employees of the external manager. They receive a salary and areeligible for a discretionary bonus, but do not receive commission-based compensation. Based on a goodfaith estimate of time spent by the placement agents, the estimated compensation to the placementagents is approximately 40,509, and such compensation was not based directly or indirectly on theamount of CalPERS commitment to West Street Strategic Solutions Fund I, L.P.NoneThis information was previously reported to the closed session of the Investment Committee in September 2020. Thisopportunity was actively being negotiated and public disclosure prior to completion of the negotiation and execution ofterms would impair CalPERS' ability to maximize investment returns.New*Fund names reflected in this report are preliminary and may not reflect the name of the final fund. Due to regulatory requirements, the fund name isreported as disclosed by the manager/partner on the Placement Agent Disclosure form.**This information is provided directly from the Placement Agent Disclosure as submitted to CalPERS.
Agenda Item 6e, Attachment 7Page 6 of 18California Public Employees’ Retirement SystemOPEN SESSION MATERIALDISCLOSURE OF PLACEMENT AGENT FEES REPORTFOR PERIOD ENDING: January 31, 2021Firm NameGoldman Sachs & Co., LLCAsset ClassOpportunistic StrategiesFund*Placement Agent /Firm**Placement AgentEmploymentRegistered with U.S. ornon-U.S. financialregulatory authority**RegisteredLobbyist(s)**Estimated PlacementAgent Compensation**Disclosed CampaignGifts andContributions**NotesTransaction TypeWest Street Co-Investment Partners ( C ), L.P.Chris Kojima, Goldman Sachs & Co. LLC; Stephanie Ivy Sanford, Goldman Sachs & Co. LLC & Omar Chaudhary,Goldman Sachs & Co. LLCInternal employee(s) of the General Partner/Manager or affiliate of General Partner/ManagerChris Kojima is registered with the Financial Industry Regulatory Authority (FINRA) and qualified under the Series 7,Series 10, Series 24, Series 57 and Series 63 examinations. Omar Chaudhary is registered with FINRA and qualifiedunder the Series 7, Series 24, Series 63 and Series 79 examinations. Stephanie Ivy Sanford is registered with FINRAand qualified under the Series 7 and Series 63 examinations and is also registered with the CFTC/NFA as a SWAPAP and under the Series 3 examination.Stephanie Ivy Sanford is registered in the State of California. Each of Chris Kojima and Omar Chaudhary isin the process of registering in the State of California.Each of the placement agents are employees of the external manager. They receive a salary and areeligible for a discretionary bonus, but do not receive commission-based compensation. Based on a goodfaith estimate of time spent by the placement agents, the estimated compensation to the placementagents is approximately 6,752, and such compensation was not based directly or indirectly on theamount of CalPERS commitment to West Street Co-Investment Partners (C), L.P.NoneThis information was previously reported to the closed session of the Investment Committee in November 2020. Thisopportunity was actively being negotiated and public disclosure prior to completion of the negotiation and execution ofterms would impair CalPERS' ability to maximize investment returns.New*Fund names reflected in this report are preliminary and may not reflect the name of the final fund. Due to regulatory requirements, the fund name isreported as disclosed by the manager/partner on the Placement Agent Disclosure form.**This information is provided directly from the Placement Agent Disclosure as submitted to CalPERS.
Agenda Item 6e, Attachment 7Page 7 of 18California Public Employees’ Retirement SystemOPEN SESSION MATERIALDISCLOSURE OF PLACEMENT AGENT FEES REPORTFOR PERIOD ENDING: January 31, 2021Firm NameGoldman Sachs & Co., LLCAsset ClassOpportunistic StrategiesFund*Placement Agent /Firm**Placement AgentEmploymentRegistered with U.S. ornon-U.S. financialregulatory authority**RegisteredLobbyist(s)**Estimated PlacementAgent Compensation**Disclosed CampaignGifts andContributions**NotesTransaction TypeWest Street Strategic Solutions Fund I-(C), L.P.Chris Kojima, Goldman Sachs & Co. LLC; Stephanie Ivy Sanford, Goldman Sachs & Co. LLC & Omar Chaudhary,Goldman Sachs & Co. LLCInternal employee(s) of the General Partner/Manager or affiliate of General Partner/ManagerChris Kojima is registered with the Financial Industry Regulatory Authority (FINRA) and qualified under the Series 7,Series 10, Series 24, Series 57 and Series 63 examinations. Omar Chaudhary is registered with FINRA and qualifiedunder the Series 7, Series 24, Series 63 and Series 79 examinations. Stephanie Ivy Sanford is registered with FINRAand qualified under the Series 7 and Series 63 examinations and is also registered with the CFTC/NFA as a SWAPAP and under the Series 3 examination.Stephanie Ivy Sanford is registered in the State of California. Each of Chris Kojima and Omar Chaudhary isin the process of registering in the State of California.Each of the placement agents are employees of the external manager. They receive a salary and areeligible for a discretionary bonus, but do not receive commission-based compensation. Based on a goodfaith estimate of time spent by the placement agents, the estimated compensation to the placementagents is approximately 6,752, and such compensation was not based directly or indirectly on theamount of CalPERS commitment to West Street Strategic Solutions Fund I-(C), L.P.NoneThis information was previously reported to the closed session of the Investment Committee in November 2020. Thisopportunity was actively being negotiated and public disclosure prior to completion of the negotiation and execution ofterms would impair CalPERS' ability to maximize investment returns.New*Fund names reflected in this report are preliminary and may not reflect the name of the final fund. Due to regulatory requirements, the fund name isreported as disclosed by the manager/partner on the Placement Agent Disclosure form.**This information is provided directly from the Placement Agent Disclosure as submitted to CalPERS.
Agenda Item 6e, Attachment 7Page 8 of 18California Public Employees’ Retirement SystemOPEN SESSION MATERIALDISCLOSURE OF PLACEMENT AGENT FEES REPORTFOR PERIOD ENDING: January 31, 2021Firm NameThe Carlyle GroupAsset ClassPrivate EquityFund*Placement Agent /Firm**Placement AgentEmploymentRegistered with U.S. ornon-U.S. financialregulatory authority**RegisteredLobbyist(s)**Estimated PlacementAgent Compensation**Greenleaf Co-Invest Partners, L.P.Ryan Buntain, Carlyle Internal Sales PersonnelInternal employee(s) of the General Partner/Manager or affiliate of General Partner/ManagerTCG Securities, LLC., an affiliate of The Carlyle Group, is a limited purpose broker/dealer registered with the U.S.Securities and Exchange Commission and a member of the Financial Industry Regulatory Authority ("FINRA"). TCGSecurities acts a private placement agent on a "best efforts" basis with respect to the offer and sale of interests inprivate funds.Ryan Buntain is a Managing Director - Investor Relations and is a registered lobbyist in the state of California. He isassociated with TCG Securities, LLC., Carlyle's broker/dealer affiliate, which is registered in California as a LobbyistEmployer.Mr. Buntain’s compensation by The Carlyle Group includes an annual salary and a discretionary year-end annualbonus, the amount of which is based on a multitude of qualitative and quantitative factors. Mr. Buntain'scompensation is not contingent on a commitment by CalPERS. We note that while there is a Placement AgentAgreement between TCG Securities and Carlyle Investment Management, this agreement does not provide for anyremuneration to be paid to the Placement Agent for the marketing of Carlyle-sponsored funds. Mr. Buntain's annualsalary is 212,000, and like all Carlyle employees he is eligible for a discretionary bonus. Mr. Buntain has been aregistered lobbyist in California since September 2013. In accordance with his registered lobbyist status, TCGSecurities files quarterly California State Lobbying Questionnaires for In-House Placement Agents.We are unable to provide the specific dollar amount of Mr. Buntain’s compensation allocable to an individualCalPERS investment due to the discretionary nature of his compensation and variety of components which ultimatelycontribute to it. While we do not track precise time allocations spent on individual clients, as a general matter, it issafe to assume that some weeks may require more than 50% of Mr. Buntain’s time on CalPERS matters, whereasthere are many others where 0% of his time is spent on CalPERS matters. On balance, we can estimate thatbetween 0-10% of Mr. Buntain’s time is allocated to CalPERS matters on an annual basis, and thereby 0-10% of hiscompensation on an individual year would be specifically allocable to a hypothetical CalPERS investment (whichwould there by infer 0- 21,000 of his salary).*Fund names reflected in this report are preliminary and may not reflect the name of the final fund. Due to regulatory requirements, the fund name isreported as disclosed by the manager/partner on the Placement Agent Disclosure form.**This information is provided directly from the Placement Agent Disclosure as submitted to CalPERS.
Agenda Item 6e, Attachment 7Page 9 of 18California Public Employees’ Retirement SystemOPEN SESSION MATERIALDISCLOSURE OF PLACEMENT AGENT FEES REPORTFOR PERIOD ENDING: January 31, 2021Disclosed CampaignGifts andContributions**NotesTransaction TypeNoneThis information was previously reported to the closed session of the Investment Committee in June 2020. Thisopportunity was actively being negotiated and public disclosure prior to completion of the negotiation and execution ofterms would impair CalPERS' ability to maximize investment returns. Previously reported under fund name CarlyleCPE Co-Investment SMA.New*Fund names reflected in this report are preliminary and may not reflect the name of the final fund. Due to regulatory requirements, the fund name isreported as disclosed by the manager/partner on the Placement Agent Disclosure form.**This information is provided directly from the Placement Agent Disclosure as submitted to CalPERS.
Agenda Item 6e, Attachment 7Page 10 of 18California Public Employees’ Retirement SystemOPEN SESSION MATERIALDISCLOSURE OF PLACEMENT AGENT FEES REPORTFOR PERIOD ENDING: January 31, 2021Firm NameThe Carlyle GroupAsset ClassPrivate EquityFund*Placement Agent /Firm**Placement AgentEmploymentRegistered with U.S. ornon-U.S. financialregulatory authority**RegisteredLobbyist(s)**Estimated PlacementAgent Compensation**Top Castle Sidecar VII, L.P.Ryan Buntain, Carlyle Internal Sales PersonnelInternal employee(s) of the General Partner/Manager or affiliate of General Partner/ManagerTCG Securities, LLC., an affiliate of The Carlyle Group, is a limited purpose broker/dealer registered with the U.S.Securities and Exchange Commission and a member of the Financial Industry Regulatory Authority ("FINRA"). TCGSecurities acts a private placement agent on a "best efforts" basis with respect to the offer and sale of interests inprivate funds.Ryan Buntain is a Managing Director - Investor Relations and is a registered lobbyist in the state of California. He isassociated with TCG Securities, LLC., Carlyle's broker/dealer affiliate, which is registered in California as a LobbyistEmployer.Mr. Buntain’s compensation by The Carlyle Group includes an annual salary and a discretionary year-end annualbonus, the amount of which is based on a multitude of qualitative and quantitative factors. Mr. Buntain'scompensation is not contingent on a commitment by CalPERS. We note that while there is a Placement AgentAgreement between TCG Securities and Carlyle Investment Management, this agreement does not provide for anyremuneration to be paid to the Placement Agent for the marketing of Carlyle-sponsored funds. Mr. Buntain's annualsalary is 212,000, and like all Carlyle employees he is eligible for a discretionary bonus. Mr. Buntain has been aregistered lobbyist in California since September 2013. In accordance with his registered lobbyist status, TCGSecurities files quarterly California State Lobbying Questionnaires for In-House Placement Agents.We are unable to provide the specific dollar amount of Mr. Buntain’s compensation allocable to an individualCalPERS investment due to the discretionary nature of his compensation and variety of components which ultimatelycontribute to it. While we do not track precise time allocations spent on individual clients, as a general matter, it issafe to assume that some weeks may require more than 50% of Mr. Buntain’s time on CalPERS matters, whereasthere are many others where 0% of his time is spent on CalPERS matters. On balance, we can estimate thatbetween 0-10% of Mr. Buntain’s time is allocated to CalPERS matters on an annual basis, and thereby 0-10% of hiscompensation on an individual year would be specifically allocable to a hypothetical CalPERS investment (whichwould there by infer 0- 21,000 of his salary).*Fund names reflected in this report are preliminary and may not reflect the name of the final fund. Due to regulatory requirements, the fund name isreported as disclosed by the manager/partner on the Placement Agent Disclosure form.**This information is provided directly from the Placement Agent Disclosure as submitted to CalPERS.
Agenda Item 6e, Attachment 7Page 11 of 18California Public Employees’ Retirement SystemOPEN SESSION MATERIALDISCLOSURE OF PLACEMENT AGENT FEES REPORTFOR PERIOD ENDING: January 31, 2021Disclosed CampaignGifts andContributions**NotesTransaction TypeNoneThis information was previously reported to the closed session of the Investment Committee in September 2020. Thisopportunity was actively being negotiated and public disclosure prior to completion of the negotiation and execution ofterms would impair CalPERS' ability to maximize investment returns. Previously reported under fund name AlpInvestSecondaries Fund VII Golden State Co-Investment SideCar.New*Fund names reflected in this report are preliminary and may not reflect the name of the final fund. Due to regulatory requirements, the fund name isreported as disclosed by the manager/partner on the Placement Agent Disclosure form.**This information is provided directly from the Placement Agent Disclosure as submitted to CalPERS.
Agenda Item 6e, Attachment 7Page 12 of 18California Public Employees’ Retirement SystemOPEN SESSION MATERIALDISCLOSURE OF PLACEMENT AGENT FEES REPORTFOR PERIOD ENDING: January 31, 2021Firm NameVitruvian Partners LLPAsset ClassPrivate EquityFund*Placement Agent /Firm**Placement AgentEmploymentRegistered with U.S. ornon-U.S. financialregulatory authority**RegisteredLobbyist(s)**Estimated PlacementAgent Compensation**Disclosed CampaignGifts andContributions**NotesTransaction TypeDS Opportunities (C) LPEnno Marcard, Employee of Affiliate of Vitruvian Partners LLP.Internal employee(s) of the General Partner/Manager or affiliate of General Partner/ManagerVitruvian Partners LLP, an affiliate of the entity Enno Marcard is employed with, is authorized and regulated by the UKFinancial Conduct Authority (firm registration number 454063). Vitruvian Partners LLP is also registered as anexempt reporting adviser with the US Securities and Exchange Commission (CRD# 162759 / SEC#: 802-75782).Enno Marcard is registered as a lobbyist with the State of California, San Francisco, City of Los Angeles and LosAngeles County.Enno Marcard, an internal placement agent, is receiving his salary as an employee of an affiliate of Vitruvian PartnersLLP. The compensation relating to Co-Investment with Vitruvian Partners and CalPERS is less than 5,000.NoneThis information was previously reported to the closed session of the Investment Committee in September 2020. Thisopportunity was actively being negotiated and public disclosure prior to completion of the negotiation and execution ofterms would impair CalPERS' ability to maximize investment returns. Previously reported under fund name CoInvestment with Vitruvian Partners.New*Fund names reflected in this report are preliminary and may not reflect the name of the final fund. Due to regulatory requirements, the fund name isreported as disclosed by the manager/partner on the Placement Agent Disclosure form.**This information is provided directly from the Placement Agent Disclosure as submitted to CalPERS.
Agenda Item 6e, Attachment 7Page 13 of 18California Public Employees’ Retirement SystemOPEN SESSION MATERIALDISCLOSURE OF PLACEMENT AGENT FEES REPORTFOR PERIOD ENDING: January 31, 2021Firm NameTCMI, Inc.Asset ClassPrivate EquityFund*Placement Agent /Firm**Placement AgentEmploymentRegistered with U.S. ornon-U.S. financialregulatory authority**RegisteredLobbyist(s)**Estimated PlacementAgent Compensation**Disclosed CampaignGifts andContributions**NotesTransaction TypeTCV XI, L.P.Nathan Sanders, General Partner, COO, & Head of IR for TCVInternal employee(s) of the General Partner/Manager or affiliate of General Partner/ManagerTCMI, Inc. is a registered investment adviser pursuant to the Investment Advisers Act of 1940, as amended.Furthermore, a subsidiary of TCV is registered with the Financial Conduct Authority in the United Kingdom.TCV is registered as a California lobbyist employer. Two other members of TCV's IR team are registered as Californialobbyists, Julia Roux and Martha Shear; neither engages with CalPERS.Nathan Sanders is paid a salary and bonus from TCV and holds interests in certain investment funds and otherentities affiliated with TCV, all of which is not dependent upon CalPERS's decision to invest in the investment fundsaffiliated with TCV. He receives no compensation which is specifically allocable to time spent on CalPERS; anestimate based on his compensation and the number of hours spent on CalPERS matters is 6750.NoneThis information was previously reported to the closed session of the Investment Committee in September 2020. Thisopportunity was actively being negotiated and public disclosure prior to completion of the negotiation and execution ofterms would impair CalPERS' ability to maximize investment returns.New*Fund names reflected in this report are preliminary and may not reflect the name of the final fund. Due to regulatory requirements, the fund name isreported as disclosed by the manager/partner on the Placement Agent Disclosure form.**This information is provided directly from the Placement Agent Disclosure as submitted to CalPERS.
Agenda Item 6e, Attachment 7Page 14 of 18California Public Employees’ Retirement SystemOPEN SESSION MATERIALDISCLOSURE OF PLACEMENT AGENT FEES REPORTFOR PERIOD ENDING: January 31, 2021Firm NameCerberus Capital ManagementAsset ClassPrivate EquityFund*Project Pearl Co-InvestmentPlacement Agent /Firm**Seth Plattus, Employee of Cerberus Capital Management, L.P.Greg Gordon, Employee of Cerberus Capital Management, L.P.Catherine Broussard, Employee of Cerberus Capital Management, L.P.Glen Abbott, Employee of Cerberus Capital Management, L.P.Brad Rudner, Employee of Cerberus Capital Management, L.P.Nicholas Rifino, Employee of Cerberus Capital Management, L.P.Grant Berlin, Employee of Cerberus Capital Management, L.P.Placement AgentEmploymentInternal employee(s) of the General Partner/Manager or affiliate of General Partner/ManagerRegistered with U.S. ornon-U.S. financialregulatory authority**RegisteredLobbyist(s)**Estimated PlacementAgent Compensation**Disclosed CampaignGifts andContributions**NotesTransaction TypeCerberus Capital Management, L.P. is registered as an investment adviser with the U.S. Securities and ExchangeCommission.The following individuals are registered as lobbyists in the following Jurisdictions: Seth Plattus, California; GregGordon, California; Catherine Brossard, California; Glen Abbott, California; Brad Rudner, California; Nicholas Rifino,California; Grant Berlin, California and Billy Cooper, U.S. Federal Lobbyist.There are no agreements. However, the estimated amount of compensation allocable to the CaIPERS investmentand paid to the Placement Agents was 8,500.00.NoneThis information was previously reported to the closed session of the Investment Committee in September 2020. Thisopportunity was actively being negotiated and public disclosure prior to completion of the negotiation and execution ofterms would impair CalPERS' ability to maximize investment returns.New*Fund names reflected in this report are preliminary and may not reflect the name of the final fund. Due to regulatory requirements, the fund name isreported as disclosed by the manager/partner on the Placement Agent Disclosure form.**This information is provided directly from the Placement Agent Disclosure as submitted to CalPERS.
Agenda Item 6e, Attachment 7Page 15
Series 10, Series 24, Series 57 and Series 63 examinations. Omar Chaudhary is registered with FINRA and qualified under the Series 7, Series 24, Series 63 and Series 79 examinations. Stephanie Ivy Sanford is registered with FINRA and qualified under the Series 7 and Series 63 examina
