CalPERS approves $1.15bn in commitments

The US public pension has backed two global buyout funds.

Institution: California Public Employees’ Retirement System
Headquarters: Sacramento, California
AUM: $360.26bn
Allocation to alternatives: 20.56%
Bitesize: $200-500m

California Public Employees’ Retirement System has committed $750 million to Blackstone Capital Partners VIII and $400 million to Trident VIII, managed by Stone Point Capital. Both funds will invest committed capital in companies throughout the world in regions such as North America, Europe, the Middle East, Asia and Latin America.

The Sacramento public pension has an 8% target allocation to private equity that currently stands at 7.7%.

As illustrated in the charts below, CalPERS currently allocates 20.56% to alternative assets. The pension has made a strong push for global private equity funds.

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