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CalPERS PE director joins Lockheed Martin – Exclusive

Scott Jacobsen has left the US’s largest public pension fund after six years in its private investments team, PEI's sister title Secondaries Investor has learned.

California Public Employees’ Retirement System (CalPERS) has lost a senior portfolio manager from its private investments team to Lockheed Martin’s corporate pension fund, PEI's sister title Secondaries Investor has learned.

Scott Jacobsen joined Lockheed Martin Investment Management Company as a managing director focusing on private investments, a spokesman for the aerospace and defence company confirmed.

Jacobsen, who started on 26 September, helps lead investment strategy related to Lockheed Martin’s pension programme. Jacobsen joined CalPERS in 2010 and prior to that spent seven years at UBS as an executive director, according to his LinkedIn profile.

Read more by visiting Secondaries Investor.