CalPERS Investment Committee Approves Private Equity Plan at Urging of the CIO
New CIO Ben Meng says system can’t access ‘private equity exposure on the scale that we need.’
Tag: Ben Meng
CalPERS Approves New Private Equity Investment Organizations
The pension system would invest up to $20 billion in direct style private equity investments, but it’s unclear when the plan could start.
CalPERS Direct-Style Private Equity Plan Comes Up for a Vote March 18
The largest US pension plan aims to break new ground with a program to expand its private equity asset class.
Exclusive: CalPERS Aims to Advance Private Equity Plan
Investment committee members may vote on the plan in two weeks.
CalPERS CIO Says Pension Plan Must Create New Private Equity Organization
Plan is essential if CalPERS wants to avoid increasing its approximate $140 billion unfunded liability, Meng says.
Asset Allocation
CalPERS Continues to Make New Private Equity Commitments
The largest US pension plan made more than $1.35 billion in new commitments in private equity funds in the last quarter of 2018.
OMERS Ventures Opens California Offices
Canadian pension plan is aiming for a more global venture capital program.
Newsmakers
CalPERS CIO Meng Says Pension Plan Must Expand Private Equity
Ben Meng says it’s essential for the plan to build a new private equity organization to meet return projections.
Newsmakers
New CalPERS CIO Orders Full Review of Investment Activities
Ben Meng wants to see how the largest US pension plan can use its advantages to maximize returns.
Corporate Moves
CalPERS No. 2 Investment Officer Resigns
In a sudden departure, CalPERS Chief Operating Investment Officer Elisabeth Bourqui has resigned just months after moving from Europe to take a key spot at the Sacramento-based pension plan.
CalPERS CIO Leaves Friday, but Replacement Delayed
Ted Eliopoulos is leaving Friday, but new CIO Yu Ben Meng can’t start until January because of a non-compete agreement. Eric Baggesen will become interim CIO.
New CalPERS CIO Can’t Start Until January
Yu Ben Meng’s start date is being held up by the Chinese government, which could delay a vote on the launch of a $20 billion direct private equity investment organization.
CalPERS Can’t Find Enough Private Equity Commitments
CalPERS consultant finds without a huge increase in new private equity commitments, the fund will see a declining allocation to the asset class.
CalPERS New CIO Is a Seasoned Investor
Ben Meng’s predecessors did not have deep investment roots, instead administrative and political experience were their calling.
CalPERS Names Meng New CIO
Start date has not yet been determined.