California Public Employees' Retirement System overview
California Public Employees' Retirement System related stories
Private equity still vital to CalPERS’ strategy under TPA: CEO
In a keynote address at NEXUS 2026, Marcie Frost made known for the first time that CalPERS’ resurgent PE programme requires some level of 'independence' from the pension's new total portfolio approach.
CalPERS wants its GPs to do better on transparency
More visibility on portfolio company data will help the $613.7bn US pension better manage its risk, according to CEO Marcie Frost.
CalSTRS eyes dynamic one-fund approach for 2026
The potential adoption of this strategy follows in the footsteps of CalPERS, which implemented a total portfolio approach this past November.
DEI data now ‘less consistent, less transparent’
A $39bn pension fund is sounding the alarm over a lack of reliable information at the portfolio company level.
CalPERS corrects long-term trend of co-invest underperformance amid overhaul
The US's largest public pension had a streak of co-investments underperforming funds in most periods over several decades, according to private equity head Anton Orlich.
LPs re-evaluate their allocation models: Story of the Year
The 'total portfolio approach' has captured imaginations in 2025, though the model has both strengths and weaknesses for private equity investors.
Minnesota hands CIO greater discretion over private markets investments
CIO Jill Schurtz will be able to commit up to $750m to commingled funds, separate accounts, secondaries transactions and dedicated co-invest vehicles.
California Public Employees' Retirement System contact information
Offices
400 Q Street, Suite LPE 4800, Sacramento, 95811, United StatesContacts
| Name | Job title | Location | |
|---|---|---|---|
 Mr. Anton Orlich | Job titleManaging Investment Director, Private Equity | LocationSacramento, United States | Email  ------- |
| Ms. Christine Gogan | Job titleInvestment Director | LocationSacramento, United States | Email -------- |
| Mr. Dan Ahmed | Job titleInvestment Manager, Sustainable Investments | LocationSacramento, United States | Email ----------- |
| Mr. David Miller | Job titleChair, Investment Committee | LocationSacramento, United States | Email ------ |
California Public Employees' Retirement System fund commitments
Known fund commitments : 1326
| Fund | Manager | Commitment date | Commitment size |
|---|---|---|---|
Manager ------ | Commitment dateMar 2021 | Commitment size$222.3m | |
| ------ | Manager --------- | Commitment dateFeb 2023 | Commitment size ----- |
| ---------- | Manager -------- | Commitment dateSep 2023 | Commitment size ------- |