SACRAMENTO, Calif. — CalPERS committed $500 million to First Reserve Fund XI, an energy buyout fund. The $225.3 billion California Public Employees' Retirement System also committed %A5;19 billion ($162 million) to Carlyle Japan Partners II, a Japanese buyout fund; C$150 million ($130 million) to Richardson Capital Private Equity No. 2, a Canadian private equity fund; C$110 million to Tricor Pacific Capital Partners IV, a lower middle-market Canadian buyout fund; and up to $50 million to Acon-Bastion Partners II, a middle-market fund targeting companies serving the U.S. Hispanic population.
The system also selected Analytic Investors, First Quadrant, Goldman Sachs Asset Management, Quantitative Management Associates and State Street Global Advisors to be included on its pre-approved list of U.S. long/short equity managers.