CalPERS committed or invested a total of $753 million with two alternative investment managers and one high-yield manager, show reports for the investment committee's June 18 meeting.
The $356.5 billion California Public Employees' Retirement System, Sacramento, committed €300 million ($353 million) to Carlyle Europe Partners V, Carlyle Group's European buyout fund. CalPERS has invested with Carlyle in the past, including a $417 million commitment in 2007 to Carlyle Europe Partners III.
CalPERS also committed $300 million to TPG Asia VII (A), an Asia-focused private equity fund. CalPERS has invested with TPG in the past, including a $360 million commitment to TPG Asia V in 2007.
CalPERS also added $100 million to an existing high-yield fixed-income mandate managed by Nomura Corporate Research and Asset Management. The current size of the portfolio was not available.