Calpers names new private equity head - Private Equity News

Nov 23, 2022 · The California Public Employees' Retirement System, which manages about $442.72bn for retirees and other beneficiaries, on Tuesday said Anton Orlich will lead its …

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Calpers Names New Private Equity Head - Private Equity News

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Nov 23, 2022 · The California Public Employees' Retirement System, which manages about $442.72bn for retirees and other beneficiaries, on Tuesday said Anton Orlich will lead its …

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CalPERS’ PE Head On Recapturing The Pension’s Lost Decade

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Dec 2, 2024 · Private equity now accounts for 16.1 percent of CalPERS’ $531.6 billion total assets under management, edging closer to the new allocation target of 17 percent it set in March …

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CalPERS Loses Private Equity Leader But Gains A Head Of Growth …

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Oct 28, 2022 · During his three-year tenure at the California Public Employees' Retirement System, Mr. Ruiz helped increase private equity capital commitments by close to 300%, a …

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CalPERS Shifts Strategy Away From Stocks In $34-billion Bet

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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 Not Alone On Private Equity Shift - Pensions & Investments

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Apr 1, 2019 · CalPERS names new private equity head, continues benchmark discussion CalPERS allocates $1.15 billion to 2 funds Canadian investors more focused on alts …

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CalPERS Names Nicole Musicco New Chief Investment Officer

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Feb 22, 2022 · The Fund adopted a new asset allocation mix late last year that calls for increasing its private equity investments from 8% to 13% and added a private debt allocation of 5%. …

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CalPERS Votes To Move Forward With Its New Private Equity Plan

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Mar 20, 2019 · The new allocation, if granted final approval, is a large addition to the $27.6 billion in private equity investments currently held by the organization, but still a modest portion of the …

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FAQs about Calpers names new private equity head - Private Equity News Coupon?

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. ...

What's new at CalPERS?

The Fund adopted a new asset allocation mix late last year that calls for increasing its private equity investments from 8% to 13% and added a private debt allocation of 5%. CalPERS also added 5% leverage to its investment portfolio to increase diversification. The discount rate remains at 6.8%. ...

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 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. ...

Who are the CalPERS board members?

But six CalPERS board members-Henry Jones, the board president; Stacie Olivares; Lisa Middleton; David Miller; Eraina Ortega; and Betty Yee, who is also the California state controller-also serve on the selection subcommittees. ...