CalPERS approves $2bn commitment

The US public pension has allocated new commitment to infrastructure.

Institution: California Public Employees’ Retirement System
Headquarters: Sacramento, US
AUM: $490.18 billion
Allocation to alternatives: 21.6%

California Public Employees’ Retirement System committed $2 billion to Tower Bridge Infrastructure Partners, according to the pension’s November 2021 board meeting document.

As illustrated below, CalPERS devotes 21.6 percent of its full investment portfolio to alternative assets. The public pension’s recent fund commitments have mainly focused on diversified sectors globally.

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