California Public Employees' Retirement System, Sacramento, made three commitments totaling a combined $413 million, said CalPERS spokeswoman Megan White in an e-mail.
It also hired BlueBay Asset Management to run $197 million in a global fixed-income strategy, showed an investment report prepared for the Aug. 15 investment committee meeting.
The $303.3 billion pension fund's investment staff, using delegated authority, committed $250 million to a J.P. Morgan Asset Management Asia-Pacific property fund. The retirement system also committed £100 million ($130 million) to Bridgepoint Development Capital III, a European middle-market buyout fund managed by Bridgepoint Capital and £25 million to Bridgepoint Development Capital's Wigmore Street LP.