California Public Employees' Retirement System related stories
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Side Letter: PE's biggest investorsIn today's edition, Our latest Global Investor 150 ranking is out; Canada's BCI triples its PE exposure; Summer book recommendations from the Side Letter team.
Global Investor 150: The 2026 top 10Between them, the 10 largest investors on this year’s Global Investor 150 ranking have $1.1trn allocated to private equity, with an average allocation of 21%.
GI 150: The leading allocators in private equityEven amid market turbulence and fears over returns, the LPs on the 2026 Global Investor 150 ranking show strong conviction in the asset class.
Summer’s in session: The content LPs are consuming this yearSome of private equity’s biggest investors including CalPERS, IMAS Foundation and Aware Super share their best book and podcast recommendations for summer 2026.
CalPERS promotes Orlich to oversee private markets portfolioAnton Orlich, architect of the US pension giant's PE turnaround, will now also be responsible for its private credit, real estate, infrastructure and other alternative programmes.
CalPERS: PE remains the pension’s ‘top-performing asset class’Private equity is expected to continue serving an important role in the overall portfolio of the pension, which is switching to a total portfolio approach in July.
Welsh Carson targets $5bn for latest flagshipThe firm’s 15th flagship vehicle targets mid-market buyout opportunities primarily in North America, according to documents prepared for a recent LP meeting.
LPs go direct for GP stakesInstitutional investors are voicing an interest in stepping outside the familiar fund structure to invest directly in GPs. The move could change the GP stakes market and create a new class of shareholders.
CalPERS wants its GPs to do better on transparencyMore visibility on portfolio company data will help the $613.7bn US pension better manage its risk, according to CEO Marcie Frost.
LPs reveal their biggest frustrations with GPsInvestors list the main causes of friction with private equity funds, in exclusive research released ahead of PEI’s NEXUS event in Florida.