The California Public Employees’ Retirement System has disclosed two private equity investments totaling up to $1 billion.
$500 million was committed to growth equity fund, TPG Next (A).
$500 million was also allocated to the GCM Grosvenor Elevate Fund I, a private equity fund of funds.
As of June 30, 2022, the $440 billion Retirement System has an actual and target allocation to private equity of 12% and 8% respectively.
For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!
