CalPERS approves $1.52bn in commitments

The US retirement organisation has backed five private equity funds.

Institution: California Public Employees’ Retirement System
Headquarters: Sacramento, United States
AUM: $361.63bn
Allocation to alternatives: 19.32%
Bitesize: $200-500m

The California Public Employees Retirement System (CalPERS) announced commitments of $75 million to Palladium Equity Partners V, $200 million to Tailwind Capital Partners III, $200 million to TPG Golden Bear Partners, $400 million to Vista Equity Partners VII and $650 million to Hellman & Friedman Capital Partners IX, according to board meeting documents.

The $361.63 billion retirement system has a 7.55% allocation to private equity, which is 0.45% short of its target allocation of 8.00%.

As illustrated in the table below, CalPERS made commitments to these five funds in August and September.

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