CalPERS Looks to Up Its Private Equity & Infrastructure Investing

Sep 16, 2022 · By David G. Barry. Seeking to hit its new allocation targets for private equity and real assets, the California Public Employees’ Retirement System (CalPERS) is moving to …

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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 Looks To Up Its Private Equity & Infrastructure Investing

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Sep 16, 2022 · Musicco to the plan’s investment committee, CalPERS is looking to invest a record $17 billion into private equity in 2022. It will seek to commit $15 billion or more annually to …

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CalPERS Aims To Amp Up Active Investing In Public, Private Markets

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Jun 26, 2023 · In the year ended March 31, CalPERS' $193.7 billion public equity portfolio with a -6.3% return underperformed its private equity portfolio which had -4.7% internal rate of return. …

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CalPERS Has $34B Bet On Private Equity, Shifts From Equities

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Mar 19, 2024 · 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 …

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CalPERS Approves $2.6bn For Infrastructure Investments

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Jun 6, 2024 · California Public Employees Retirement System (CalPERS) has approved $2.6bn (€2.4bn) worth of infrastructure commitments, according to the pension fund in a board …

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CalPERS Pursues Infrastructure And Private Equity | News | IPE

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Dec 19, 2007 · The $250bn (€173.7bn) pension fund - which is the largest in the US - has decided to place more focus on venture capital, commodities, infrastructure and real estate as part of …

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CalPERS Makes $4.5B Infrastructure Investment Commitments

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Nov 17, 2022 · CalPERS also disclosed that it topped up three of its existing infrastructure partnerships. It added $1.5 billion to the Tower Bridge Infrastructure Partners LP, a New York …

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CalPERS Commits $15.2B To Private Markets – Private Equity Insider

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CalPERS made commitments of up to $15.2 billion to new and existing alternative investment strategies in Q3 2022, according to a report by Pension & Investments Online. ... a private …

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CalPERS Over Halfway To $100B Climate Goal, Urged To Stop Buying …

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Nov 25, 2024 · Dive Insight: CalPERS said it had identified $47 billion in climate solutions when it launched its $100 billion investing target last year. Since then, the value of those investments …

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How Secondaries Are Driving CalPERS’ Structural Shift

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Dec 4, 2024 · For the California Public Employees’ Retirement System, secondaries investments are key to driving outsized returns within its private equity portfolio.. The $532 billion pension …

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FAQs about CalPERS Looks to Up Its Private Equity & Infrastructure Investing Coupon?

How much will CalPERS invest in private equity in 2022?

CalPERS is looking to invest a record $17 billion into private equity in 2022, according to information that was to be presented by Chief Investment Officer Nicole Musicco to the plan’s investment committee. They plan to commit $15 billion or more annually to reach or stay at their 13% target allocation. ...

What is CalPERS' target allocation to private equity?

CalPERS' target allocation to private equity is 13%. As of June 30, CalPERS' actual allocation to private equity was $52.8 billion, or 12% of its $440 billion fund. The board approved increasing the target allocation to 13% in November. ...

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. ...

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. ...

Will CalPERS raise its investments into private markets in 2024?

March 19, 2024 SACRAMENTO, Calif. – Moving to seize market opportunities and maximize returns from the highest performing asset classes, the CalPERS Board of Administration approved a proposal on Monday to raise the portfolio’s investments into the private markets. CalPERS continues to progress with the private asset strategy begun in 2022. ...

How much is CalPERS worth?

The most recent (PDF) figures available for the fair value of the CalPERS private equity and private debt asset classes were $68.7 billion and $12.3 billion, respectively. Just last year (PDF), values for private equity and private debt stood at $63.5 billion and $10.9 billion, respectively. ...