CalPERS diversifies PE ranks despite challenges posed by state law

CalPERS, private equity, pension fund, Ted Eliopoulos
CalPERS CIO Ted Eliopoulos and CalSTRS CIO Christopher Ailman, with moderator Danielle Gray of O’Melveny & Myers, discuss inclusion, at the 2017 CalPERS & CalSTRS Diversity Forum on May 10, 2017. Photo by Sam Sutton, Buyouts.
  • 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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