Institution: California Public Employees’ Retirement System
Headquarters: Sacramento, US
AUM: $487 billion
Allocation to private markets: 30.7%
California Public Employees’ Retirement System have announced that Stephen Gilmore will become the $487 billion pension funds new chief investment officer. Stephen is expected to take over the role in July after spending more than 5 years at New Zealand Superannuation Fund. New Zealand Superannuation Fund manages NZ$72.2 billion ($43.8 billion; €40.4 billion) and has a current allocation of 17.91 percent to private markets. CalPERS private markets allocation sits at 30.7 percent, the pension has recently proposed increasing its allocation from 33 percent to 40 percent.
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