CalPERS may channel more dollars to buyouts, give staff added flexibility


CalPERS, pension, private equity
Calpers headquarters is seen in Sacramento, California. Reuters/Max Whittaker
  • AUM: $356 bln
  • Target allocation to PE/VC: 8 pct
  • Actual allocation to PE/VC: 7.7 pct
  • PE strategy: CalPERS has a target allocation of 8 percent to private equity. Of that, the pension is about to approve an adjustment to the percentage share to 'buyouts,' from 60 to 65 percent of its private equity portfolio.
  • Key Advisors/Consultants: Meketa Investment Group
  • Whom to contact for a meeting: Joe DeAnda ([email protected])
  • Why this is important: This revision to the CalPERS's private equity investment policy will free up an estimated additional $1.25 billion for investments in buyouts.
Investment staff at California Public Employees’ Retirement System have proposed to notch up their target suballocation to buyouts, and to ease limitations on choosing buyout and other kinds of private equity funds. The proposal has been overshadowed by a recent ...

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