Institution: California Public Employees’ Retirement System
Headquarters: Sacramento, United States
AUM: $389.69 billion
Allocation to alternatives: 20.67%
California Public Employees’ Retirement System has made $3.9 billion-worth of private equity commitments across six vehicles, according to its quarterly report for Q1 2020.
The commitments comprise of $400 million to Insight Ventures Partners XI, $1 billion each to OHA Black Bear Fund, Oaktree Latigo Investment Fund and Blackstone Core Equity Partners II, $200 million to CVC Capital Partners Asia V and $300 million to ASF VIII.
The $389.69 billion public pension fund allocates 20.67% of its investment portfolio to alternative investments.
As illustrated below, CalPERS’s five most recent private equity commitments have been to mezzanine debt, venture capital and buyout funds.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.