CalPERS: Competing Against SWFs and Pensions for Properties

Posted on 05/22/2016

Real estate consulting firm Courtland Partners pitched their services to California Public Employees’ Retirement System (CalPERS) to displace the incumbent Pension Consulting Alliance (PCA). PCA has been CalPERS’ real estate consultant since 2009. CalPERS ended up rehiring PCA for a 5-year new contract that is contingent upon the consultant reducing its proposed consulting fee of […]