Institution: California Public Employees’ Retirement System
Headquarters: Sacramento, United States
Allocation to alternatives: 19.97%
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.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.