Investment Committee Supports CalPERS Concept of External Entities for Private Equity

Posted on 03/18/2019

The investment committee (10 in favor and 3 against) of the California Public Employees Retirement System (CalPERS) approved the concept of creating external entities to oversee the pension investor’s private equity portfolio. CalPERS drafted a number of pillars to describe its proposed private equity plan. Pillars 3 and 4 detail external private equity entities that […]