CalPERS made four private equity investments totaling about $250 million, said documents released in conjunction with the system’s Oct. 19 investment committee meeting.
The $291 billion California Public Employees’ Retirement System, Sacramento, committed $56.7 million total to Clearlake Capital Partners IV and Clearlake Opportunities Partners, managed by Clearlake Capital Group.
The rest of the investments were in co-investment vehicles. A $70 million co-investment commitment was made with Blackstone Group called Blackstone First Eagle Co-Invest. Another co-investment vehicle was formed with private equity firm Stone Point Capital; CalPERS committed $63 million to Stone Point Co-Invest. It also committed $60 million to PAGAC Drone Holding I, managed by PAG.
CalPERS spokesman Joe DeAnda did not respond to e-mails for additional information on the commitments.