CalPERS seeks PE managers

The California pension wants help with its investment needs.

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California Public Employees' Retirement System today announced the opening of the 2017 transition manager solicitation.

The $324 billion US public pension has a current private equity allocation of 8.9 percent against an 8 percent target allocation.

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