Los Angeles Business Journal

CalPERS Crusader Takes Aim at Fees

Tuesday, December 4, 2012

At its annual investor meeting, L.A. buyout firm Leonard Green & Partners LP played a video that parodied Réal Desrochers of CalPERS as a spear-carrying sentry fending off a team of Leonard Green executives. The Wall Street Journal reports that the video was meant to be lighthearted, it's also a sign of how Desrochers is picking fights with heavyweights of the private-equity business.