CalPERS replaces infrastructure consultant StepStone with Meketa

CalPERS, pension fund, private equity
Calpers headquarters in Sacramento, California, on October 21, 2009. Photo courtesy Reuters/Max Whittaker - RTXPWO1
  • StepStone resigned as infra consultant, effective at the end of September
  • CalPERS launched infra program in 2007
  • CalPERS consolidated infra, real estate and forestland portfolios in recent years
California Public Employees’ Retirement System’s board on Sept. 18 chose Meketa Investment Group to replace StepStone Group as its infrastructure consultant. StepStone resigned from its contract with the $336.2 billion public pension fund effective Sept. 30, according to a letter included ...

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