CalPERS approves $375m commitment

The US public pension has backed a North America-focused value-add fund.

Institution: California Public Employees’ Retirement System
Headquarters: Sacramento, US
AUM: $389.69 billion
Allocation to alternatives: 20.67%

California Public Employees’ Retirement System committed $375 million to Canyon Catalyst Fund III, according to its quarterly report for Q1 2020.

The $389.69 billion public pension fund has an 11.0 percent target allocation to private real estate that currently stands at 9.8 percent.

As illustrated in the charts below, CalPERS devotes 20.67 percent of its full investment portfolio to alternative assets. The pension has a strong appetite for funds across diversified strategies, sectors and regions.

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