Blog

CalPERS to increase target allocation to private equity

by Helen Kenyon

  • 18 Jun 2009
  • PE

California Public Employees' Retirement System(CalPERS) has voted to increase its private equity allocation from 10% to 14% of total assets. At the same time, the public pension fund opted to reduce its acceptable allocation range for investments from +/-8% to +/-5%. This reflects CalPERS's view that the markets are now less volatile than they were when the range of +/-8% was agreed in Q1 2009. Its current allocation to private equity is 11.3% of assets which means it is now below its target allocation and is no longer overallocated to the asset class.

Continue browsing industry reports, publications, conferences, blogs and more on Preqin Insights