CalPERS' investment consultant resigns

The California pension plans to engage Meketa as its new private equity consultant.

California Public Employees’ Retirement System has taken Meketa Investment Group on as its new private equity investment consultant following the resignation of Pension Consulting Alliance (PCA). No reason was given by PCA.

The $312 billion US public pension has an 8 percent target allocation to private equity that currently stands at 8.7 percent.

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