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.
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.
CalPERS' Orlich: PE portfolio will remain largely unchanged under TPA
In 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 concentration
The 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.
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 titleDeputy Chief Investment Officer | 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 : 1231
| 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.
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.
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.
ILPA chief exec: LPs keen to understand litigation risk under anti-DE&I push
There are ripple effects for domestic and global investors under the new US administration's executive order, says Jennifer Choi, chief executive at the Institutional Limited Partners Association.