Institution: California Public Employees’ Retirement System
Headquarters: Sacramento, California
Allocation to alternatives: 20.96%
California Public Employees’ Retirement System has committed $250 million to Summit Partners Growth Equity Fund X and $100 million to Siris Partners IV. Both funds invest in a diversified portfolio of companies across North America.
The US public pension has a 8% target allocation to private equity that currently stands at 8.10%.
As illustrated in the charts below, CalPERS currently allocates 20.96% to alternative assets. The pension has a strong appetite for funds that invest committed capital in North American companies across multiple sectors.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.