Robin Respaut (Reuters) - The California Public Employees' Retirement System described on Monday an increasingly competitive investment marketplace in private equity that has in recent years reduced the negotiating power of large, long-time investors like public pension funds. Calpers staff, during an educational workshop, said the tremendous demand to invest in private equity funds outweighs the supply. Such disparity has enabled private equity firms' general partners to set favorable terms, even amid political and regulatory scrutiny of the industry’s high fees and lack of transparency. “The industry is growing very fast in terms of demand of investors,” said Réal Desrochers,...