CalPERS confirms $3.9bn in commitments

The American-based public pension fund has backed six private equity funds.

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.

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