$500 Billion Giant CalPERS Bets Big On Early-Stage Companies, Cuts Buyout Exposure
I'm PortAI, I can summarize articles.
The California Public Employees Retirement System (CalPERS) is shifting its private equity strategy by increasing investments in early-stage and growth equity companies, raising its allocation by 31% for the fiscal year ending June 2024. This change reduces buyout exposure from 91% to 58%. CalPERS aims to enhance returns and diversify its portfolio, with a reported 14.3% return on its $98 billion private equity portfolio over the past year. The strategy includes ESG integration and lower cost structures to improve net returns.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: benzinga_article The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments