Canadian Pension’s ‘Pivotal Year’ Drives Substantial Progress for Its Alternative Strategies
Robust international portfolio delivered $9 billion in 2018.
Robust international portfolio delivered $9 billion in 2018.
Private equity commitments totaled $300 million, part of an effort to boost the asset class.
Plans to relaunch revised co-investment program and beef up PE team.
Survey finds alternatives generated 10.2% average return in 2018.
Co-investments only make up around 5% of the CalSTRS private equity portfolio but additional investments may help build up the overall private equity program.
Ben Meng says it’s essential for the plan to build a new private equity organization to meet return projections.
Growth in private equity fundraising shows no signs of abating.
GCM Grosvenor will oversee private equity emerging managers.
Institution continues strong focus on real estate and private equity, terminates global equity account.
Jason Perez is also skeptical about ESG investing, a focus that most individuals on the CalPERS board support.