CalPERS hopes to have finalists for independent PE platform by early 2018


Calpers, private equity, pension fund, Goldman Sachs, BlackRock, AlpInvest, Hamilton Lane, HarbourVest, Neuberger Berman
Calpers headquarters is seen in Sacramento, California, October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker (UNITED STATES) - RTXPWO1
California Public Employees’ Retirement System is moving forward with plans to bring on an outside firm to manage its $25.9 billion private equity program, according to internal documents obtained by Buyouts Insider, publisher of VCJ. CalPERS is searching for a firm to ...

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