CalPERS seeks new managers

The US public pension fund to explore more domestic PE opportunities.

The California Public Employees' Retirement System (CalPERS) looks for five new PE managers to target domestic buyout and growth strategies.

It will start accepting proposals on 11 July and selected managers will receive an upwards of $100 million commitment. Venture capital, debt funds and debut funds will not be considered.

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