CalPERS committed a little more than $4.3 billion to eight alternative investment vehicles, according to documents on the $382.7 billion Sacramento-based pension fund's website.
California Public Employees' Retirement System committed $1 billion each to three private equity funds: OHA Black Bear Fund, a distressed debt fund managed by Oak Hill Advisors; Oaktree Latigo Investment Fund, a direct lending fund managed by Oaktree Capital Management; and Blackstone Core Equity Partners II, a long-hold buyout fund managed by Blackstone Group.
CalPERS also committed $400 million to Insight Partners XI, a growth equity fund; $346.5 million to Gotham Office Realty Partnership, an office real estate fund managed by Meadow Gotham Management; $300 million to ASF VIII B, a secondary private equity fund of funds managed by Ardian; $200 million to Asia-Pacific private equity fund CVC Capital Partners Asia Pacific V; and $100 million to Harbert United States Real Estate Fund VI managed by Harbert Management.
