CalPERS cuts interim PE allocation to 8 pct

Calpers, private equity, pension fund, Goldman Sachs, BlackRock, AlpInvest, Hamilton Lane, HarbourVest, Neuberger Berman
  • Long-term allocation remains unchanged
  • CalPERS reviews interim allocations to account for short-term trends
  • PE portfolio valued at $25.4 bln
California Public Employees’ Retirement System slashed its interim allocation for private equity to 8 percent from 10 percent, spokesman Brad Pacheco told Buyouts in an email. The adjustment did not involve changes to CalPERS’s long-term strategic allocation to PE, which stands ...

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