CalPERS Private Equity Co-Investment Plan Could Be Announced Next Month
CalPERS stopped its co-investment program in 2016. Now CIO Ben Meng wants a restart.
Tag: CalPERS
Corporate Moves
After a Two-Year Search, CalPERS Finally Hires Private Equity Head
Greg Ruiz, who has family ties to the fund, will take over from interim Sarah Corr.
California Settles with Morgan Stanley over Financial Crisis Losses
Recession-era mortgage-backed securities deals creates $150 million settlement for CalPERS, CalSTRS.
Newsmakers
CalPERS Puts ‘Laser-Like Focus’ on ESG, Board Diversity, and Executive Pay
Says actions from Climate Action 100+ initiative are starting to bear fruit.
Newsmakers
CalPERS Supports Carbon Pricing
The largest US pension plan wants heavy carbon emitters to pay as part of a plan to combat climate change.
Asset Allocation
CalPERS Investment Committee Rejects Tobacco Reinvestment Again
In a surprise move, investment committee member Jason Perez called for a vote on reinvesting in tobacco stocks, but his plan was shot down.
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.’
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.
Newsmakers
CalPERS Says No to Legislation Forcing It to Divest from Private Prisons
The pension plan’s stance also means it won’t likely voluntarily divest from GEO Group and CoreCivic.
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.
Newsmakers
New York City Leads Anti-Carbon Coalition of Big Funds
Institutional group wants the top 20 public power companies to make good on Paris Agreement goals.
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.
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.