California Public Employees' Retirement System, Sacramento, investment...

California Public Employees’ Retirement System, Sacramento, investment committee approved a $100 million commitment to Blackstone Mezzanine Partners LP, a debt-oriented mezzanine fund. The $156 billion fund also endorsed an expansion of its specialized equity real estate portfolio, which could push another $1.8 billion over the next three years into the area, which had $2.1 billion as of March 31; proposals on specific programs such as senior housing, in-state urban investing, agricultural, international and opportunistic investments will be addressed over coming months. In addition, the committee revised the fund’s global corporate principles to conform to new guidelines adopted by the International Corporate Governance Network, a global group that adopted standards in July.