CalPERS commits $500m to Blackstone, $100m to PAG
California Public Employees’ Retirement System (CalPERS), the biggest US public pension fund, is going to commit $500 million to a managed account overseen by Blackstone Group. Another $100 million will be distributed to Hong Kong-based PAG.
The $238 billion pension fund said the Blackstone Tactical Opportunities Separate Account was an opportunity "to target global investment opportunities in areas of market, regulatory, or other forms of...
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