Content area
Full text
CalPERS committed more than $5 billion to alternative investment strategies, according to a staff report.
The $446.7 billion California Public Employees' Retirement System, Sacramento, committed $1.3 billion to Ares Capital Europe VI, a direct lending fund managed by Ares Management, and $411 million to a private equity strategy managed by Blackwell Capital Partners.
Pension fund officials also committed $300 million to Valor Equity Partners VI, a growth equity fund, and $254 million to CV Consortio Fund, a private equity vehicle, both managed by Valor Equity Partners. CalPERS committed $300 million to Lux Capital VIII, a multistage venture capital fund managed by Lux Capital Management;...