CalPERS commits $1.1 billion

The US public pension committed to two PE funds between May and June

California Public Employees' Retirement System approved a €500 million commitment to CVC Capital Partners VII in May and a $550 million commitment to Apollo Investment Fund IX in June.

The $323.8 billion US public pension has an eight percent target allocation to private equity.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.