CalPERS approves $1.15bn in commitments

The Sacramento pension has backed three North America-focused buyout funds.

Institution: California Public Employees’ Retirement System
Headquarters: Sacramento, United States
AUM: $389.40bn
Allocation to alternatives: 19.97%
Bitesize: $200-500m

California Public Employees’ Retirement System committed $600 million to Green Equity Investors VIII, $155 million to Jade Equity Investors and $400 million to Madison Dearborn Capital Partners VIII. Capital raised by the three funds will be used to invest in companies throughout North America across multiple sectors including consumer goods, healthcare and business services.

The $389.40 billion US public pension has an 8 percent target allocation to private equity that currently stands at 7 percent.

As illustrated in the charts below, CalPERS devotes 19.97 percent of its full investment portfolio to alternative assets. The Sacramento pension has a strong appetite for buyout funds that target the North America region.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.