CalPERS sees strong returns from PE co-investments

Calpers, private equity, pension fund, Goldman Sachs, BlackRock, AlpInvest, Hamilton Lane, HarbourVest, Neuberger Berman
  • Co-investment/direct investment portfolio delivers five-year 17.6 pct return
  • Proposed outside partner expected to boost co-investment pipeline
  • Overall PE returns hit 12.6 pct over previous five years
Co-investments and direct investments have delivered significantly higher returns than other private equity strategies for California Public Employees’ Retirement System over the past five years, documents released by the system show. A Meketa Investment Group report included in CalPERS’s Feb. ...

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