CalPERS diversifies PE ranks despite challenges posed by state law

CalPERS, CalSTRS, private equity, pension fund, Ted Eliopoulos, Christopher Ailman
  • Prop. 209 bars gender, race-based criteria for selection
  • CalPERS emerging manager program targets smaller firms
  • “CalPERS/CalSTRS driving level of diversity, which is quite grand”: portfolio manager
California Public Employees’ Retirement System’s emerging-manager program is increasingly targeting investments with women- and minority-owned private equity firms, even though it’s not an official goal of the program, Portfolio Manager John Greenwood said at Buyouts’ Emerging Manager Connect West Thursday. “The ...

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