Institution: California Public Employees’ Retirement System
Headquarters: Sacramento, United States
Allocation to alternatives: 19.97%
California Public Employees’ Retirement System agreed to a general investment consultant contract with Wilshire Associates, Inc., as well as a private equity investment consultant contract with Meketa Investment Group. Both institutions have had long affiliations with CalPERS; Wilshire has provided consulting services to the pension for 30 years, and Meketa for over 10 years.
CalPERS anticipates that both contracts will have three-year terms, with each containing two one-year extension options. The current agreements both expire on 30 June 2020.
As illustrated in the charts below, the $387.81 billion US public pension devotes 19.97 percent of its investment portfolio to alternative assets. Mr. Yu (Ben) Meng is the current Chief Investment Officer.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.