Calpers admits ignoring private equity boom cost up to $18bn of …

Sep 19, 2022 · Calpers, the biggest public pension plan in the US, admitted a decision to put its private equity programme on hold for 10 years had cost it up to $18bn of returns as it …

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Calpers Admits Ignoring Private Equity Boom Cost Up To $18bn Of …

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Sep 19, 2022 · Calpers, the biggest public pension plan in the US, admitted a decision to put its private equity programme on hold for 10 years had cost it up to $18bn of returns as it …

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

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Mar 19, 2024 · Last year the Financial Times reported that Calpers was planning a multibillion-dollar move into international venture capital, as the fund moved towards investing in riskier …

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

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Mar 19, 2024 · The new allocation goals further Calpers’ expansion into private equity during recent years, after leaders said the pension fund missed out on an earlier boom.

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

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Mar 19, 2024 · The new allocation goals further CalPERS’ expansion into private equity during recent years, after leaders said the pension fund missed out on an earlier boom.

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

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Mar 19, 2024 · The new allocation goals further CalPERS’ expansion into private equity during recent years, after leaders said the pension fund missed out on an earlier boom.

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Calpers To Direct $25bn To Green Private Market Investments

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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Calpers, the US’s biggest public pension plan, will pour more than $25bn into green-related private market …

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Calpers To Direct $25bn To Green Private Market Investments

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May 15, 2024 · Calpers, the US’s biggest public pension plan, will pour more than $25bn into green-related private market investments, in one of the largest commitments by a major fund …

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FAQs about Calpers admits ignoring private equity boom cost up to $18bn of … Coupon?

Will CalPERS' private equity portfolio be reviewed?

The review of Calpers’ $52bn private equity portfolio will take place nearly nine months after Nicole Musicco, who started as chief investment officer last year, said a decision to put the pension plan’s private equity programme on hold for a decade between 2009 and 2018 had cost it up to $18bn of returns. ...

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. ...

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. ...

What happens if CalPERS falls short?

If CalPERS falls short, municipalities across California could be forced to make up the difference or even cut services to meet obligations. The new allocation goals further CalPERS’ expansion into private equity during recent years, after leaders said the pension fund missed out on an earlier boom. ...

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%. ...

Will CalPERS increase its bet on private equity?

As part of the move, Calpers will increase its bet on private equity from 13 per cent to 17 per cent of its portfolio, although this could potentially rise as high as 22 per cent. At the same time, it is pulling back from investing in stock markets, with its allocation to equities set to fall from 42 per cent to 37 per cent of its portfolio. ...