CalPERS approves $1.5bn in commitments

The US public pension has backed two global infrastructure funds.

Institution: California Public Employees’ Retirement System
Headquarters: Sacramento, United States
AUM: $365.48bn
Allocation to alternatives: 20.56%
Bitesize: $500m-1bn

California Public Employees’ Retirement System committed $1 billion to GIP Strategic Alliance SMA I and $500 million to JP Morgan Infrastructure Investments Fund. The two funds will invest in several regions including North America, Western Europe and Asia-Pacific.

The US public pension has a 1% target allocation to infrastructure that currently stands at 1.30%.

As illustrated in the charts below, CalPERS has allocated 20.56% to alternative assets. The public pension has made several commitments to multi-regional funds across diversified sectors.

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