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University of California appeals against order to disclose private equity results06/08/2003. Source: AltAssets. 
 The University of California Regents has announced that it is to challenge a recent court ruling forcing it to disclose the financial performance results of its private equity portfolio. It said it was worried the disclosure would lead to it being shut out of future fundraisings by the leading private equity firms.
The university cited two recent events in support of its appeal, according to Mercury News. It referred to the recent decision by Silicon Valley firm Sequoia Capital to sever its links with the University of Michigan and the decision by Three Arch Partners to rescind an investment invitation to the University of California.
US public institutional investors are experiencing growing pressure to disclose their private equity fund performance data. The effect has been to throw the entire industry, GPs and LPs alike, into a highly contentious and protracted debate about their future relationships.
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