Trustees for the $402 billion California Public Employees Retirement System plan to sponsor legislation to establish specific parameters on what is released publicly related to private debt investments by public pension systems in the state.
The concern is that there could be a competitive disadvantage to the pension fund with public disclosures about the system’s private debt allocations. The legislation, which is in the early stages of being drafted, would also apply to CalSTRS and the University of California investment office activity in private debt.
This is not a novel move for the pension . . .
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