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 ...

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