Meketa, consultant to CalPERS and CalSTRS, projects lower returns for PE

LACERA, CalPERS, CalSTRS, Meketa Investment, private equity, pension fund
Buyan, an 18-year-old male Siberian brown bear, is fed with an Easter cake, known as "Kulich", on Easter Sunday at the Royev Ruchey Zoo in a suburb of the Siberian city of Krasnoyarsk, Russia April 8, 2018. REUTERS/Ilya Naymushin TPX IMAGES OF THE DAY - RC15B00D06F0
  • Meketa expects PE to deliver 10-year return of 8.8 pct
  • Declines due to high prices, duration of equity bull run
  • PE historically generated more than 10 pct
Meketa Investment Group expects private equity’s returns to fall below its historic average over the next decade, a recent presentation to Los Angeles County Employees Retirement Association shows. Meketa, which advises California Public Employees’ Retirement System and California State Teachers’ Retirement ...

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