CalPERS looks to grow private equity target range

The California Public Employees’ Retirement System (CalPERS) has plans to up the amount it allocates to private equity at its board meeting next month, VentureWire reports. Its current allocation is 14 percent, 1 percent above the upper end of its target range. The organization hopes this tack will help it weather the market’s recent volatility. The California State Teachers’ Retirement System has already adopted this strategy as well.

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