California Public Employees' Retirement System overview
Stories about California Public Employees' Retirement System
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.
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.
Thailand GPF ponders total portfolio approach adoption
The $18bn Thai public pension plans to join the likes of CalPERS, GIC and CPP Investments in adopting the investment approach.
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.
Side Letter: 21.3 reasons to fee-l good
CalPERS' latest PE results underscore the likely pressure on managers to offer 'fee-advantaged' strategies. Plus: What L&G's GP stakes withdrawal tells us about the investor's priorities; and European stakeholders want merger guideline reform. Here's today's brief, for our valued subscribers only.
Side Letter: CalPERS' latest LP-led
CalPERS is shopping another multibillion portfolio less than a year after closing one. Plus: CVC discloses the expected launch date of its next flagship buyout fund. Here's today's brief, for our valued subscribers only.
Side Letter: Ardian on geopolitics
Ardian says Asian investors are keen to invest more in Europe as a result of the US tariffs. Plus: CalPERS' PE performance, and a €700 million debut fundraise. Here's today's brief, for our valued subscribers only.
California Public Employees' Retirement System contact information
Offices
400 Q Street, Suite LPE 4800, Sacramento, 95811, United StatesContacts
| Name | Job title | Location | |
|---|---|---|---|
Key Contact Mr. Stephen Gilmore | Job titleCIO | LocationSacramento, United States | Email  ------ |
| Key ContactMs. Christine Gogan | Job titleInvestment Director | LocationSacramento, United States | Email ------ |
| Ms. Michele Nix | Job titleChief Financial Officer | LocationSacramento, United States | Email ----- |
| Mr. Anton Orlich | Job titleDeputy Chief Investment Officer | LocationSacramento, United States | Email --------- |
California Public Employees' Retirement System fund commitments
Known fund commitments: 1232
| Fund | Manager | Commitment date | Commitment size |
|---|---|---|---|
Manager ----------- | Commitment dateDec 2025 | Commitment size$100m | |
Manager ------ | Commitment dateDec 2025 | Commitment size ------- | |
Manager --------- | Commitment dateFeb 2023 | Commitment size ------- | |
Stories that mention California Public Employees' Retirement System
Side Letter: PE's biggest investors
In 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 10
Between 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 equity
Even 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 year
Some of private equity’s biggest investors including CalPERS, IMAS Foundation and Aware Super share their best book and podcast recommendations for summer 2026.
Welsh Carson targets $5bn for latest flagship
The 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 stakes
Institutional 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.
LPs reveal their biggest frustrations with GPs
Investors list the main causes of friction with private equity funds, in exclusive research released ahead of PEI’s NEXUS event in Florida.
Side Letter: TDR's ICE connection
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