California Public Employees' Retirement System related stories
All articles and analysis
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- State considers opening up CalPERS to private workers
California governor Arnold Schwarzenegger has thrown his political weight behind proposed legislation that would require the LP giant to manage private retirement accounts.
- CalPERS commits $1.1bn to PE
The state pension plan has made commitments to five private equity funds, in line with increased private equity allocation targets.
- CalPERS delays defining infrastructure policy
The public pension has set criteria for three of the four components making up its inflation-linked asset class, but said infrastructure policy will be considered later as it is the ‘most complex’.
- CalSTRS increases alternatives allocations
Following close on the heels of CalPERS’ portfolio allocation changes, the $173 billion California State Teachers’ Retirement System has increased its private equity allocation to 8 percent.
- San Diego allocates $365m to infrastructure(4)
The San Diego County Employees’ Retirement System has created a 5 percent allocation for infrastructure, making it the latest pension fund to earmark funds for an asset class that many pensions like for its long-term, stable returns and low correlation with the overall market.
- San Diego allocates $365m to infrastructure(3)
The San Diego County Employees’ Retirement System has created a 5 percent allocation for infrastructure, making it the latest pension fund to earmark funds for an asset class that many pensions like for its long-term, stable returns and low correlation with the overall market.
- Carmel Ventures closes third fund on $235m
The tech-focused Israeli firm has rounded up commitments from a heavy-hitting list of LPs, including CalPERS, HarbourVest, Portfolio Advisors and Goldman Sachs.
- San Diego allocates $365m to infrastructure(2)
The San Diego County Employees’ Retirement System has created a 5 percent allocation for infrastructure, making it the latest pension fund to earmark funds for an asset class that many pensions like for its long-term, stable returns and low correlation with the overall market.
- PE not included in California Iran ban(4)
The state of California has passed a law requiring that CalPERS and CalSTRS divest from companies that do business in Iran, but unlike similar bans elsewhere, private equity is not affected.