CalPERS committed approximately up to $7.4 billion to 16 alternative investment strategies, the $444.4 billion pension plan reported.
The California Public Employees' Retirement System, Sacramento, committed up to $1.2 billion to Redwood Lane Capital, a new technology private equity limited partnership managed by Veritas Capital Fund Management.
CalPERS also committed $750 million each to Blackstone Mileway Logistics, a European last-mile logistics fund managed by Blackstone; IFM Global Infrastructure Fund, an open-end infrastructure fund managed by IFM Investors; and Advent International GPE X, a buyout fund managed by Advent International.
CalPERS also committed a total of $1.4 billion to three buyout funds: $600 million to Thoma Bravo Fund XV, up to €500 million ($497 million) to Rubicon Partners, and $300 million to Arlington Capital Partners VI.
The pension fund committed $350 million to Silver Lake Partners VII and $75 million to SLP Emblem Co-Invest, a co-investment fund, both managed by Silver Lake.
Pension fund officials also made commitments to two Bessemer Venture Partners funds: $115 million to Bessemer Venture Partners XII Institutional, a technology-focused venture capital fund, and $35 million to BVP Forge Institutional, a buyout fund.
CalPERS also made about $2 billion in additional commitments to five existing alternative investment strategies: up to $500 million to Nordic Bear, a European private equity strategy managed by EQT; $400 million to CalEast Solstice, a real estate joint venture between CalPERS and GI Partners; $400 million to Institutional Logistics Partners, a real estate partnership investing in logistics with Bentall GreenOak; $380 million to a core office separate account managed by CommonWealth Partners; and $285 million to TechCore 2019, a technology-related real estate partnership with GI Partners.
