Institution: California Public Employees’ Retirement System
Headquarters:Â Sacramento, California
AUM:Â $352.15bn
Allocation to alternatives:Â 20.96%
Bitesize:Â $200-500m
California Public Employees’ Retirement System has committed $175 million to TCV X, which is a venture capital technology fund that launched in June 2018 with a target of $2.75 billion. The fund held a final close in January 2019 at $3 billion and will invest in companies within the IT, internet and software industries.
The US public pension has an 8% target allocation to private equity that currently stands at 8.10%
As illustrated in the charts below, CalPERS has allocated 20.96% to alternative assets. The pension has made several commitments to a diversified group of funds this year.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.
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