CalPERS committed a total of $380 million to a private equity fund and an absolute-return fund, according to material presented Tuesday at CalPERS' investment committee meeting.
The $282.5 billion California Public Employees' Retirement System, Sacramento, committed $250 million to the Trident VI, a private equity fund managed by Stone Point Capital and $130 million to the Kylin Eureka Fund, an absolute-return fund run by Kylin Management.
The commitments, which were made in December, did not require approval by the CalPERS board.
