California Public Employees’ Retirement System‘s private equity programme currently faces certain challenges, both internal and external. The unit staffing has declined from 50 to 41 in the past fiscal year with a further net reduction to 35 positions as of September 1. In addition, the current investment commitment pace is unlikely to meet targeted longer term exposure.
The $339 billion US public pension has an 8 percent on-target allocation to private equity.
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