CalPERS slates $475 million for bonds, private equity

CalPERS staff invested or committed $475 million for two investment strategies, according to the agenda for the investment committee's Monday meeting.

The $354.8 billion California Public Employees' Retirement System, Sacramento, invested $300 million with Federated Investors in a LIBOR-based short-duration bond strategy. This is a new manager and a new strategy for CalPERS, spokeswoman Megan White said in an email.

CalPERS also committed $175 million to Technology Crossover Ventures X, a private equity fund that focuses on technology firms. TCV is also a new relationship for CalPERS.

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