$3.8 billion deal between Canadian pension fund and pipeline company is to develop natural gas transportation.
Paul Brewer’s baby suffered from tumultuous volatility in recent years.
Decision expected to ‘harvest synergies’ between sectors, enable more investment flexibility, its CIO says.
Adds $100 million to the $250 million commitment it made in 2018.
Strong returns in the system’s infrastructure and private equity strategies pull it out of negative territory for year.
Robust international portfolio delivered $9 billion in 2018.
Feasibility studies begin on the rare investment strategy.
Firm will open a new fund to help holdover Strategic Investing fund focus on ESG.
Canadian pension to contribute €450 million of equity.
Top officials say CalPERS will be part of two investment partnerships with general partners, but won’t own a stake in them.
Struggling firm’s founder said the fund had ‘recently not delivered’ expected results, and will return more than $1 billion by year-end.
Responsibilities will be divided between two newly created independent companies.
Unlisted private, infrastructure investments barred by Ministry.