CalPERS committed $1.2 billion to three private equity managers, according to documents recently posted on the $388.9 billion pension fund's website.
Pension fund officials also invested an additional $14.3 billion in four internally managed global equity strategies.
California Public Employees' Retirement System, Sacramento, committed $600 million to Green Equity Investors VIII, a buyout fund, and $155 million to North American-focused middle-market buyout fund Jade Equity Investors, both managed by Leonard Green & Partners; and $400 million to Madison Dearborn Capital Partners VIII, a middle-market buyout fund managed by Madison Dearborn Partners. CalPERS has invested with both managers in the past.
Separately, CalPERS invested $8 billion in an internally managed global equity strategy, $4.4 billion in a CalPERS-managed passive international developed markets large/mid-cap global equity portfolio, $1.3 billion in an internally managed passive emerging markets large/midcap global equity strategy, $485 million in an internally managed passive international developed markets small-cap global equity strategy and $140 million in a CalPERS-managed passive emerging markets small-cap global equity strategy.
