CalPERS awards contract to Meketa Investment Group

The Sacramento pension has approved a real estate board investment consultant contract.

Institution: California Public Employees’ Retirement System
Headquarters: Sacramento, United States
AUM: $387.81bn
Allocation to alternatives: 19.97%
Bitesize: $100-200m

California Public Employees’ Retirement System agreed to a real estate board investment consultant contract with Meketa Investment Group. Meketa has had a long affiliation with CalPERS, having provided consulting services to the pension for over 10 years.

CalPERS anticipates the contract will have a three-year term, including two one-year extension options. The current agreement expires on 31 March 2022.

As illustrated in the charts below, the $387.81 billion US public pension devotes 19.97 percent of its investment portfolio to alternative assets. Mr. Yu (Ben) Meng is the current Chief Investment Officer.

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