University of California Retirement increases private equity target

The institution is boosting its PE allocation from 10% to 12%.

Institution: University of California Retirement Plan
Headquarters: Oakland, United States
AUM: $70.18 billion
Allocation to alternatives: 22.4%

University of California Retirement Plan has upped its private equity target allocation from 10 percent to 12 percent, according to a July 2020 investment policy statement.

The institution set its allowable range for private equity to a minimum 7 percent and a maximum of 17 percent, the largest among the private market asset classes. Its real estate asset class, by comparison, has a range from 2 to 12 percent.

As illustrated below, private equity currently makes up 6.4 percent of the system’s total investment portfolio.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.