CalPERS stopped its co-investment program in 2016. Now CIO Ben Meng wants a restart.
Tag: Ben Meng
Greg Ruiz, who has family ties to the fund, will take over from interim Sarah Corr.
New CIO Ben Meng says system can’t access ‘private equity exposure on the scale that we need.’
The largest US pension plan aims to break new ground with a program to expand its private equity asset class.
Investment committee members may vote on the plan in two weeks.
Plan is essential if CalPERS wants to avoid increasing its approximate $140 billion unfunded liability, Meng says.
Canadian pension plan is aiming for a more global venture capital program.
Ben Meng says it’s essential for the plan to build a new private equity organization to meet return projections.
Ben Meng wants to see how the largest US pension plan can use its advantages to maximize returns.
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.
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 consultant finds without a huge increase in new private equity commitments, the fund will see a declining allocation to the asset class.