---
title: CALPERS Commits $1B to Private Equity
description: CALPERS Commits $1B to Private Equity.
---

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# [CALPERS Commits $1B to Private Equity](https://dakotafunds.com/dakota-funds/fundraising-news/calpers-commits-1b-to-private-equity)

 Written by [Koncheng Moua, Director of Data Management and Strategy](https://dakotafunds.com/dakota-funds/author/koncheng-moua-director-of-data-management-and-strategy) | June 16, 2023

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. 

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