The California Public Employees’ Retirement System (CalPERS) approved four commitments totalling over $1 billion to four private equity funds.
The $350 billion US public pension disclosed commitments completed in November 2017 of $600 million to Carlyle Partners VII, $300 million to Insight Venture Partners X and $75 million to Valor Equity Partners IV.
The board additionally invested $437.5 million in Bridgepoint Europe VI and Wigmore Street VI Co-Investment No. 1, Bridgepoint’s parallel co-investment vehicle, in December.
CalPERS has an 8 percent target allocation to private equity that currently stands at 7.6 percent.
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