CalPERS weighs folding PE into larger public equity portfolio

CalPERS, pension fund, private equity
Calpers headquarters in Sacramento, California, on October 21, 2009. Photo courtesy Reuters/Max Whittaker - RTXPWO1
  • New portfolio would combine PE, global equity
  • Proposal gives CalPERS greater flexibility on portfolio construction
  • CalPERS PE in transition period after Desrochers, PCA exit
The largest U.S. public pension is considering a proposal to fold its private equity program into its global equity holdings, a much larger portfolio. California Public Employees’ Retirement System would continue to invest in PE as part of its overall allocation to ...

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