CalPERS committed $600 million to two real estate partnerships, $500 million to a European opportunistic credit strategy and $250 million to a credit-focused investment strategy, said agenda materials for the investment committee’s Sept. 15 meeting.
The $302 billion California Public Employees’ Retirement System, Sacramento, invested $500 million in a separately managed account with Bain Capital affiliate Sankaty Advisors for a European opportunistic credit strategy and $250 million to CVC Capital Partners for a credit-focused investment strategy.
In real estate, the pension fund in July added $400 million to a partnership with Invesco Real Estate for multifamily real estate investments. CalPERS first invested $250 million in the partnership in April 2013.
CalPERS also added $200 million in July to another multifamily partnership with Pacific Urban Residential. The pension fund first invested with Pacific Urban in January, committing $200 million.
CalPERS spokesman Joe DeAnda did not respond to an e-mail requesting additional details.