CalPERS hired 16 firms for its real-assets consulting pool to provide various services, the $298 billion Sacramento-based pension fund said in a news release.
Selection in the pool does not mean a firm will be guaranteed work. California Public Employees' Retirement System's roughly $30 billion real assets allocation is invested primarily in real estate, but also includes infrastructure and forestland investments.
Participation in the pool will be for five years and will begin in October.
Selected to provide investment intermediary services were Bard Consulting, Brock Capital Group, Courtland Partners, Crosswater Realty Advisors, Duff & Phelps, FTI Consulting, LP Capital Advisors, RCLCO, RVK, StepStone Group and The Townsend Group.
Selected to provide investment due diligence were Altius Associates, Bard, Brock, Callan Associates, Cortex Consultants, Courtland, Crosswater Realty, Duff, FTI, LP Capital, Mercer, Pension Consulting Alliance, RCLCO, RVK, StepStone and Townsend.
Selected to provide prudent person opinion were Altius, Bard, Brock, Callan, Courtland, Crosswater, FTI, LP Capital, Mercer, PCA, RCLCO, RVK, StepStone and Townsend.
Selected to provide portfolio assistance were Callan, Bard, Courtland, Crosswater, Duff, FTI, LP Capital, Nichols Consulting, PCA, RCLCO, RVK, StepStone and Townsend.
Selected to provide risk management services were Courtland, FTI, Mercer, Nichols, RCLCO, RVK and StepStone.