The deal came nearly three years after CalPERS closed a $6 billion secondaries sale. Lexington Partners and CVC Secondary Partners acquired portions of that portfolio.

The California Public Employees’ Retirement System, one of the world’s largest and most climate-friendly investors, is ...

Earlier this summer, CalPERS announced Blue Shield and Included Health would administer the state workers and retirees’ basic ...

CalPERS plans to increase its investments in private equity and private credit by 20% so that it represents 40% of its portfolio. This increase comes at the cost of reducing public equity and ...

Retirees’ spending in California communities contributed $28 billion in local wages and salaries, researchers found.

Robert Eccles writes about sustainability in the capital markets. The California Public Employees’ Retirement System (CalPERS) has 2.2 million members and assets of around $510 billion.