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.
Tag: CalPERS
A Large Equity Drawdown Would Cause Major Problems for CalPERS
Poor equity performance is the biggest risk for the largest US pension plan, review shows.
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
CalPERS Former No. 2 Investment Official Hires Employment Lawyer After Resigning
Elisabeth Bourqui hires lawyer who represents workers in their disputes with employers, including wrongful termination cases.
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.
Newsmakers
New California Governor Aims to Cut CalPERS, CalSTRS Debt
Gavin Newsom’s plan for the two largest US pension plans allocates more than $7 billion to reduce their unfunded liability and help California school districts with their contributions to pension costs.
CalPERS Gives $500 Million to New Private Equity Fund of Funds
GCM Grosvenor will oversee private equity emerging managers.
New CalPERS Board Member Has Serious Concerns About Private Equity Plan
Jason Perez is also skeptical about ESG investing, a focus that most individuals on the CalPERS board support.
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 Discloses Names of Potential Candidates to Run New Private Equity Organizations
Two former Silver Lake officials could have a future at the CalPERS-backed investment organizations.
CalPERS Restructures Infrastructure Guidelines
Pension officials hope more flexibility to invest in international infrastructure projects in developed countries will give the program more diversification and help results.
Newsmakers
CalPERS Engages Private Prison Companies
The review could lead to divestment of CoreCivic and The GEO Group.
CalPERS Planned Private Equity Program Could Grow Quickly
Official says system could easily commit $10 billion in just five years via direct investment organization.
Newsmakers
CalPERS Reviews Divestment of Companies with Ties to Sudan
Nokia, Nordea Bank lead list of 13 firms with potential ties to African nation.