The $98 billion California Public Employees' Retirement System, Sacramento, named Barry J. Gonder senior investment officer for private equity/alternative investments, effective May 1.
He is the first of three senior investment specialists the fund expects to hire. CalPERS also is seeking senior investment officers for public markets and real estate. All are new positions.
Mr. Gonder will be responsible for managing the private equity and alternative investment portfolio of the fund. The fund has $4.7 billion in private equity investments including alternative investments through partnerships. Mr. Gonder previously was director of alternative investments at Connecticut Mutual, where officials would not comment on his replacement