CalPERS’ Recent Performance in Private Equity
The California Public Employees’ Retirement System (CalPERS), a pension giant with $613 billion in assets, is demonstrating a near-term performance boost in private equity, according to Buyouts Insider. This outperformance follows strategic adjustments in its investment approach. As a widely-known context, CalPERS is one of the largest public pension funds in the US, managing investments for state employees.
Strategy Shifts Driving Results
CalPERS has placed a heavier emphasis on venture and growth equity strategies, which are contributing to the observed performance improvement. Additionally, the fund is increasing its focus on co-investment and secondaries, as noted in the analysis from Buyouts Insider. These shifts represent a change in allocation within its private equity portfolio.
Key Factors in the Boost
The near-term outperformance stems from CalPERS’ emphasis on these specific areas: venture, growth, co-investment, and secondaries. According to Buyouts Insider, this strategic pivot is tied directly to the fund’s overall private equity performance. The article highlights these elements as central to the recent developments.
