Investors

A new state law now allows the $26.2bn system to allocate up to 25% of its total fund to alternatives.

At PEI’s annual Women in Private Markets Summit in New York, LPs discussed the power dynamic with GPs and what they expect from managers they work with.

CalPERS has a $100bn allocation to climate solutions – and is looking at its existing investment partners for climate-related opportunities – while APG has a domestic Dutch programme for transitioning local businesses.

A visual representation of investments, sectors, geographies, commercial risks and opportunities for investors.

The California pension has been monitoring GPs’ efforts to reduce carbon emission through an annual survey and a colour-coded system to categorise private equity-owned assets.

PE stands to benefit as the system may do away with emerging markets equities.

The new 'collaborative strategies portfolio' gives the system more capital to commit to private funds.