CalPERS and the public-pension private-equity brain drain

Real Desrochers, Calpers, pension fund, private equity, CITIC Private Equity
Real Desrochers courtesy of CalPERS
  • Desrochers leaves for large overseas bank
  • Staffers flee low pay at New Jersey pension
  • Median GP salaries nearly equal CIO pay at CalPERS
Public-pension officials leave for private-sector gigs all the time, but Réal Desrochers’s departure from CalPERS casts a wider shadow than most. The combative, press-shy chief of California Public Employees’ Retirement System’s private equity team left for a position at a “large overseas ...

This content is available for Buyouts subscribers only. Request a free trial to get access for a limited period

If you already have an active Buyouts subscription, please sign in to view this article.

Digital Edition


To read a digital copy of our latest magazine

click here

PE News Briefs