CalPERS Commits $5.488B to Alts

The California Public Employees’ Retirement System (CalPERS) disclosed 29 commitments to alternatives, totaling $5.488 billion, made in Q2 according to materials from the November Investment Committee meeting. 

In private credit, $1.3 billion was committed to Ares Capital Europe VI.

In real assets, $150 million was allocated to DCP C Strategic Partners, $200 million to IFM Global Infrastructure, and $250 million to BIF V Co-Invest. 

Within private equity:

-    $300 million to BC CLP Investors 

-    $200 million to Genstar Capital Partners XI

-    $200 million to Genstar XI Opportunities Fund I

-    $100 million to Bear Coast Fund

-    $150 million to CA1 SPV 

-    $150 million to Hg Saturn 3 A

-    $132 million to Hg Genesis 10 A 

-    $53 million to Hg Mercury 4 A 

-    $17 million to Forbion Growth Opportunities Fund II Cooperateif U.A. 

-    $176 million to Forbion Ventures VI Cooperatief U.A. 

-    $22 million to BioGeneration Capital Fund V Cooperatief U.A.

-    $300 million to Lux Capital VIII 

-    $411 million to Blackwell Capital Partners 

-    $68 million to SR One Capital Opportunities Fund I 

-    $150 million to AMZL, LP 

-    $300 million to Valor Equity Partners VI 

-    $254 million to CV Consortio Fund

-    $150 million to Coalesce Capital Fund I 

-    $10 million to Coastal Pacific Partners 

-    $100 million to Coefficient Capital Apex Fund I

-    $21 million to Mayfield XVII

-    $14 million to Mayfield Select III

-    $125 million to Bain Capital Insurance Fund 

-    $110 million to NM Pacific 

-    $75 million to TPG Life Sciences Innovations

As of September 30, 2023, the $450 billion pension fund has allocated 31.8% to private assets.

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!