Calpers considers consolidating private and public equity
The California Public Employees' Retirement System (Calpers) is considering a merger of its private equity and public equity portfolios in a bid to streamline its investment arm.
At board meetings in April, the €312bn AUM pension fund discussed consolidating its $26bn private equity operation with its $148bn global equity platform to better manage its investments in the two classes, which would represent around 54% of Calpers' total AUM.
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