Institution: California Public Employees’ Retirement System
Headquarters: Sacramento, US
AUM: $419.82 billion
Allocation to alternatives: 19.6%
The commitments comprise $2 billion to West Street Strategic Solutions Fund I; $1.15 billion to TSSP Adjacent Opportunities Partners (open-ended); and $350 million each to Sixth Street Fundamental Strategies Partners and Blackstone Tactical Opportunities Fund III.
The $419.82 US public pension allocates 19.6 percent of its full investment portfolio to alternative investments.
As illustrated below, the pension’s recent private debt commitments have been made to subordinated and distressed debt vehicles focused on investments in North America.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.