Alternative Assets On Georgia’s Mind, Pension Hires Two To Manage Them

Pension System: Georgia Employees’ Retirement System

Assets Managed: $15 Billion

PE Assets Managed: None

PE Target: 5%

Chief Investment Officer: Charles Cary, Jr.

Armed with new legal authority to invest in alternative investments, the $15 billion Georgia Employees’ Retirement System has hired Catharine Burkett and Ben Cahyono to begin investing in alternative investments such as private equity, according to James Potvin, the system’s executive director.

Both Burkett and Cahyono, who each have the title co-director of alternative investments, started in November. In the years ahead, they are tasked with building up an alternative investment program from the ground up. It is not yet clear to ...

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