California Public Employees’ Retirement System has approved a $600 million commitment to TPG Partners VIII, a $400 million commitment to TowerBrook Investors V and a $250 million commitment to TowerBrook Structured Opportunities Fund II.
The $357 billion US public pension has an 8 percent target allocation to private equity that currently stands at 7.6 percent.
Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.
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