US EditionCalPERS PE strategy gains momentum with 11.3% return in 2024
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CalPERS PE strategy gains momentum with 11.3% return in 2024
The California Public Employees’ Retirement System (CalPERS) posted an 11.3% time-weighted return on its private equity portfolio in 2024, as the $544bn pension giant continues an aggressive push to reshape its exposure to the asset class, according to a report by the Wall Street Journal. While the figure trailed the system’s internal benchmark, it significantly outpaced the State Street Private Equity Index, a broad industry performance gauge. …
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