CalPERS Ramps Up Private Equity Portfolio

Oct 10 2007 | 1:10pm ET

The California Public Employees Retirement System recently expanded its roster of private equity managers with five new mandates for its $257 billion fund.

The pension fund in August dished out a total of $1.1 billion to U.S. and European buyouts shops.

According to minutes posted on CalPERS’ Web site, the system committed $50 million to KH Growth Equity Fund, €150 million to Lion Capital Fund II, $200 million to Advent Latin America Private Equity Fund IV, $150 million to Ares Distressed Securities Fund and €400 million to ESP Golden Bear Europe Fund.

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