California Public Employees Retirement System

California Public Employees Retirement System

California Public Employees Retirement System

Overview
Date Founded

1932

Headquarters

Lincoln Plaza East,400 Q Street,Sacramento, CA 95811-6201

Type of Company

Private

Employees (Worldwide)

1,700

Industries

Pension Funds & Sovereign Wealth
Hospitals & Patient Services
Holding Companies
Investment Services & Portfolio Management

Company Description

CalPERS' assets are managed by the CalPERS Board of Administration. CalPERS invests across a range of asset classes including global equity, private equity, fixed-income, real estate, infrastructure, forest land, inflation-linked bonds, liquidity and trust level. Strategies are managed both internally and through external managers. CalPERS' Global Equity Strategy is responsible for CalPERS investments in securities traded in global public equity markets, including in-house management of index-oriented and active strategies, externally managed active strategies, the Multi-Asset Class Partners Program, and active strategies run by emerging managers (Global Equity Emerging Manager Program). Global Equity is the principal asset class providing growth exposure in the strategic asset allocation. CalPERS Income Strategy primarily consists of US and international fixed income strategies. CalPERS' inflation-linked asset class is made up of two main asset types: commodities (including commodity futures, forwards, swaps, structured notes, and options) and inflation-linked bonds. Forestland investments are long-term investments. The return drivers include biological growth, timber prices, and land values. Forestland targets investments within the timber and agriculture sectors. CalPERS' Liquidity Strategy consists of highly liquid short-term securities with maturities of less than 10 years. Real Estate strategy focuses on US core assets with moderate leverage. CalPERS' Trust Level Portfolio Management Program (TLPM) is responsible for delivering targeted, risk-adjusted, total fund level investment returns over the long-term, anchored by the belief that strategic asset allocation is the dominant determinant of portfolio risk and return.

Contact Data
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In The News
Private Equity International
June 17, 2020
CalPERS CIO unveils leverage-backed push into private equity
Pensions & Investments
June 15, 2020
HIRINGS
Executives & Employees

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Chief Compliance Officer

Chief Investment Officer

Deputy Chief Investment Officer, Total Portfolio Strategy

General Counsel

Chief Risk Officer

Chief Information Officer

Board of Directors

Chair Investment Committee at California Public Employees Retirement System

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California Public Employees Retirement System
Recent Transactions
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Cadence Bancorporation issued . USD Common Stock

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Athene Holding Ltd. issued USD Common Shares

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Harbert Management Corporation, Harbert Power LLC purchase Desert Sunlight Investment Holdings LLC from Sumitomo Corp. of Americas

Transaction Advisors
Legal Advisor

Advised onCredit Agricole SA, Amundi Asset Management SA purchase Tobam SAS from California Public Employees Retirement System

Investment Advisor

Advised onCalifornia Public Employees Retirement System, CalWest Industrial Properties LLC purchase Cabot Industrial Trust

Investment Advisor

Advised onCalifornia Public Employees Retirement System purchases Thomas Weisel Partners LLC

Legal Advisor

Advised onCalifornia Public Employees Retirement System purchases Silver Lake Partners LP

Legal Advisor

Advised onCadence Bancorporation issued . USD Common Stock

Legal Advisor

Advised onCalifornia Public Employees Retirement System purchases BentallGreenOak (US) LP from Ivanhoé Cambridge, Inc.

Advisors & Consultants
Consultant

CVS Health Corp. engages in the provision of health care services. It operates through the following segments: Pharmacy Services, Retail or Long Term Care, Health Care Benefits, and Corporate. The Pharmacy Services segment offers pharmacy benefit management solutions. The Retail or Long Term Care segment includes selling of prescription drugs and assortment of general merchandise. The Health Care Benefits segment offers traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioural health, medical management capabilities. The Corporate segment involves in providing management and administrative services. The company was founded by Stanley P. Goldstein and Ralph Hoagland in 1963 and is headquartered in Woonsocket, RI.

Consultant

Voya Financial, Inc. is a retirement, investment, and insurance company, which engages in the provision of financial services. It operates through the following segments: Retirement, Investment Management, Employee Benefits and Individual Life. The Retirement segment offers tax-deferred, employer-sponsored retirement savings plans and administrative services. The Investment Management segment includes domestic and international fixed income, equity, multi-asset and alternative investment products and solutions. The Employee Benefits segment is comprised of stop loss, group life, voluntary employee-paid, and disability products to mid-sized and large businesses. The Individual Life segment provides universal and variable life insurance products. The company was founded on April 7, 1999 and is headquartered in New York, NY.

Advisor

BFM utilizes fixed-income strategies that are actively managed, model or index based. Actively managed fixed-income mandates generally employ an active investment style that emphasizes rotation among different types of debt on a relative value basis, specific security selection, quantitative analysis of each security and the portfolio as a whole and intensive credit analysis and review. They utilize a risk-controlled, systematic process for portfolio construction and alpha generation. Alpha sources may include security selection, duration and yield curve positioning, industry rotation, asset allocation, and currency positioning. BFM's equity platform includes a broad range of products that vary according to investment style (active, scientific and passive management), market-cap (small-, mid-, small/mid-, large- and all-cap), and geography (global, international and regional). The product range may also include sector funds, long-only and long-short portfolios, as well as products that combine different strategies to create balanced and asset allocation portfolios. For cash management portfolios, the investment process emphasizes safety and liquidity over yield. Their alternative mandates focus on sourcing and managing high-alpha investments with lower correlation to public markets and developing a holistic approach to address client needs in alternatives investing.

Legal Advisor

Partner at Baker & McKenzie LLP

Real Estate Agent

Senior Managing Director-Capital Markets at Newmark Knight Frank

Advisor

Vice Chairman & Head of Strategic Partnerships-Investment Management at Morgan Stanley

Key Stats and Financials As of 2020
Market Capitalization
Total Enterprise Value
Earnings Per Share
Revenue
$1.41B
Non-Profit Donations & Grants
Investments
Details Hidden

Neptune Regional Transmission System, LLC provides electrical distribution services. It also provides up to 660 MW of power to Long Island electricity consumers. The company is headquartered in Fairfield, CT.

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The Carlyle Group is a global alternative asset manager with more than $157 billion in assets under management across 101 funds and 64 fund of funds vehicles. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world’s largest and most successful investment firms, with more than 1,300 professionals operating in 32 offices in North America, South America, Europe, the Middle East, North Africa, Sub-Saharan Africa, Japan, Asia and Australia.

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Structured Credit Holdings Plc provides wholesale financial services. It offers credit derivative contracts on portfolios of credits and holds contracts to maturity. The company was founded by Edward M. Bowers in June 2006 and is headquartered in Dublin, Ireland.

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