CalPERS Hits It Big with Infrastructure Returns
The program, however, represents just a little more than 1% of CalPERS’s AUM.
The program, however, represents just a little more than 1% of CalPERS’s AUM.
Preqin data shows California system could become fourth-largest PE investor.
Investments of $20 billion in two CalPERS-backed independent pension organizations would change the face of institutional investing in private markets.
The pension lost around $500 million as it sold most of its portfolio.
Michele Nix formerly was director of finance at the city of Columbia, Missouri.
Ted Eliopoulos wants to know whether the largest US pension system is being rewarded enough for its investment risk taking.
Fewer IPOs mean operational efficiencies rather than leverage become more important for private equity portfolio company exits, Sonsini says.
Eighty percent of plan’s timber portfolio was sold at a large loss last month.
Experience wanted, but not too much experience. The idea is to identify promising managers with room to grow.
New investment sustainability director bullish on ‘boring’ clean energy opportunities.
Approval for new private equity direct investment organization could also be only several months away.
Pension results were just under its custom benchmark, missing the mark by six basis points.
Board questions how CalPERS can still help areas after end of California Initiative.
Retirement system hasn’t been attracting enough top talent with current pay package.
CIO tells investment committee there aren’t enough top-tier firms to invest in to sustain growth.