The Sacramento-based California Public Employees’ Retirement System (CalPERS) announced that Yup Kim will join as the $405 billion pension fund’s new investment director in private equity.
Kim starts her new role on Monday, leading the $26 billion CalPERS private equity program across all functions including strategy, team management and investment activities across primary, secondary and co-investment opportunities globally. He reports to Greg Ruiz, managing director of private equity.
The system has more than 270 funds in the program. So far, this year staffers have added only four new funds to the portfolio . . .
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