The $479 billion California Public Employees Retirement System (CalPERS) in Sacramento had a busy summer when it came to putting $4.4 billion to work in private equity funds as opportunities are seemingly picking up in the space.
The PE mandate spending spree spanned 10 funds and were new commitments for the pension system, which has a $39 billion allocation or just over 8% of total assets to private equity. Returns for the asset class totaled 43.8% for the year ending June 30, 2021, according to investment committee documents.
Funds receiving new commitments in . . .
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.