CalPERS to launch direct private equity investment unit
California Public Employees’ Retirement System (CalPERS), the largest public pension fund in the US, plans to deploy up to $13 billion a year in direct private equity deals through two newly formed funds.
These investments will be made by CalPERS Direct, a separate entity that will operate alongside the pension system’s existing private equity program that primarily makes fund commitments. CalPERS has...
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