Institution: California Public Employees’ Retirement System
Headquarters: Sacramento, California
Allocation to alternatives: 19.97%
California Public Employees’ Retirement System agreed to an infrastructure board investment consultant contract with Meketa Investment Group. Meketa has had a long affiliation with CalPERS, having provided consulting services to the pension for over 10 years.
CalPERS anticipates the contract will have a three-year term, including two one-year extension options. The current agreement expires on 30 June 2020.
As illustrated in the charts below, the $387.81 billion US public pension devotes 19.97 percent of its investment portfolio to alternative assets. Mr. Yu (Ben) Meng is the current Chief Investment Officer.
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