CalPERS soliciting bids for partners to oversee PE program

Calpers, private equity, pension fund, Blackstone, Carlyle Group, TPG, Towerbrook
Calpers headquarters in Sacramento, California, Oct. 21, 2009. REUTERS/Max Whittaker
California Public Employees’ Retirement System is formally soliciting proposals from potential strategic partners to manage some of its $40.2 billion private equity program. The partner will have discretion over how CalPERS invests PE, but will work with the $354.7 billion public pension’s ...

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