Calpers Lays Out Strategy to Improve Long-Term …

Calpers’ Latest Private-Equity Overhaul Stresses Tech, Growth DealsCalpers to Increase Investments in Private Equity - WSJ

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CalPERS Will Increase Private Markets Investments

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Mar 19, 2024 · Just last year (PDF), values for private equity and private debt stood at $63.5 billion and $10.9 billion, respectively. The target allocations for public equity and fixed income …

ca.gov

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CalPERS Will Increase Private Markets Investments

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Private equity will increase from a target of 13% of the fund to 17% while private debt will increase from 5% to 8%. The private equity strategy has been successfully achieving its program goals …

ca.gov

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Calpers Lays Out Strategy To Improve Long-term Private Equity ...

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Sep 16, 2021 · Private-equity returns for the more than $460 billion California Public Employees’ Retirement System, or Calpers, improved across all time periods in the first half of this year. …

penews.com

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CalPERS Goes Big On Private Equity, Upping Allocation To 40%

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Mar 20, 2024 · Over the past ten years, private equity has delivered an annualized return of 11.8%, compared to 8.9% for public equities, 2.4% for fixed income, and 7.7% for real assets. …

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Calpers To Invest More Than $30bn In Private Markets - Financial …

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Mar 19, 2024 · Calpers, the US’s biggest public pension plan, is to increase its holdings in private markets by more than $30bn and reduce its allocation to stock markets and bonds in an effort …

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Calpers To Boost Private Assets By Over $30 Billion, Move Away …

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Mar 19, 2024 · The largest US pension fund is ramping up its exposure to private equity and private credit in a $34 billion bet that the riskier assets will fuel higher returns.

bloomberg.com

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Calpers To Increase Investments In Private Equity - WSJ

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Mar 19, 2024 · The California Public Employees’ Retirement System, or Calpers, said Tuesday its board had approved a proposal to increase total private-market allocations from 33% of plan …

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Calpers Steps Back From Four Pillars Strategy - Private Equity News

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Mar 24, 2021 · In 2020, the $445bn California Public Employees’ Retirement System committed $18bn to private equity, more than 2½ times the $6.9bn it committed to the asset class in …

penews.com

FAQs about Calpers Lays Out Strategy to Improve Long-Term … Coupon?

Why has CalPERS shifted from private equity to private equity?

The shift reflects confidence that CalPERS can ferret out attractive investments even as the fund significantly downgraded the expected 20-year returns from private equity in its latest market survey, citing increased financing costs. ...

Why did CalPERS cut its 20-year return on private equity?

In its latest market survey, CalPERS cut the expected 20-year return on private equity to about 7.9% due to increased financing costs while increasing expected returns for private credit to 7.2%. ...

How will CalPERS' private asset strategy change in 2022?

CalPERS continues to progress with the private asset strategy begun in 2022. The proposal will increase total private market allocations from 33% of plan assets to 40%. Private equity will increase from a target of 13% of the fund to 17% while private debt will increase from 5% to 8%. ...

Why is CalPERS boosting private assets?

A CalPERS consultant, Wilshire, backed the new asset mix and said boosting private assets is driven by “an increased belief” in the fund’s ability to funnel dollars to private equity commitments “rather than an improvement in the underlying return expectations between private vs. public market equities.” ...

How much will CalPERS spend on private equity and credit?

It also approved increasing private credit to 8% from 5%. Based on current values, that works out to about $34 billion aimed for private equity and credit, while CalPERS plans to pare its exposure to publicly traded stocks and bonds. ...

Is CalPERS looking for a new Chief Investment Officer?

CalPERS offices in Sacramento. The pension fund is currently searching for a new chief investment officer. (Carl Costas / For The Times) The largest U.S. pension fund is ramping up its exposure to private equity and private credit in a $34-billion bet that the riskier assets will fuel higher returns. ...