California Public Employees' Retirement System related stories
All articles and analysis
Side Letter: Underweight endowmentsUC Regents is counting its blessings after a withdrawal from private markets looks set to shield it from liquidity pressures. Plus: some of the biggest US blue-state pensions are ploughing ahead with climate investing plans; and one of Australia's largest supers has a new CIO. Here's today's brief, for our valued subscribers only.
Side Letter: CalPERS' DE&I driveCalPERS appears to have retained its appetite for emerging and diverse managers despite government opposition towards DE&I. Plus: a London-based mezz fund is back in market; and why tech is a doubled-edged sword for LPs. Here's today's brief, for our valued subscribers only.
Side Letter: Diversity, equity, illegality?Monday is a public holiday for some markets, so we'll return to your inbox on Tuesday. In the meantime, concerns at CalPERS over the search for a DE&I consultant suggest the new political landscape could undermine PE's progress in this space. Here's today's brief, for our valued subscribers only.
Side Letter: KKR's Gulf gambitKKR has launched a dedicated Middle Eastern investment team. Plus: ILPA appoints a sustainability specialist; and LACERS spies opportunity amid tariff turmoil. Here's today's brief, for our valued subscribers only.
Side Letter: PE's defence opportunityEurope's defence spending boom will provide investment opportunities for PE firms, say experts. Plus: more CalPERS news and results from a straw poll on secondaries. Here's today's brief, for our valued subscribers only.
Side Letter: CalPERS' PE plansImplementing a total portfolio approach will allow the US's largest public pension to put dollars to work where they're best used, says its head of PE. Plus: OMERS' new PE head has both IR and dealmaking skills and Oregon weighs up climate risk. Here's today's brief, for our valued subscribers only.
CalPERS' Orlich: PE portfolio will remain largely unchanged under TPAIn this 7-minute video from NEXUS 2025, the pension’s head of private equity discusses the impact of its planned total portfolio approach on its holdings and managers.
CalPERS’ CEO: PE diversification key to mitigating public markets concentrationThe largest US public pension fund has 'missed opportunities' by not thinking more broadly across asset classes, Marcie Frost said at PEI Group's NEXUS 2025 event on Tuesday.
This portfolio approach could prove a catalyst for LPs' PE exposuresThe biggest public pension in the US is considering a more holistic investment strategy – one others may follow.
NZ Super on why a total portfolio approach can both help and hinder PE portfoliosIn PEI's Spotlight podcast, Doug Bell, investment strategy director at the $46bn sovereign wealth fund, discusses the benefits and disadvantages of TPAs when constructing a portfolio capable of delivering long-term results.