REVEALED: CalPERS New Real Assets Program
The California Public Employees’ Retirement System (CalPERS) adopted a new strategic plan for its massive real assets program. CalPERS is a major institutional investor in real estate investing in core funds, joint ventures and co-investing in major properties. CalPERS is seeking to reign in risk, while reducing complexity and costs. Institutional investors are facing a number of headwinds in areas such as infrastructure where current valuations place many assets higher than their valuations before the global financial crisis.
CalPERS Real Assets Program History
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