CalPERS looks to grow private equity target range
The California Public Employees’ Retirement System (CalPERS) has plans to up the amount it allocates to private equity at its board meeting next month, VentureWire reports. Its current allocation is 14 percent, 1 percent above the upper end of its target range. The organization hopes this tack will help it weather the market’s recent volatility. The California State Teachers’ Retirement System has already adopted this strategy as well.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
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