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CalPERS
CalPERS is the largest public pension fund in the nation and serves as an agency in the California executive branch. It manages pension and health benefits for...
CalPERS
CalPERS is the largest public pension fund in the nation and serves as an agency in the California executive branch. It manages pension and health benefits for over 2 million state school and public agency members retirees and their families and maintains their earned retirements and health security. The fund pursues shareholder activism and significant investments.
General information
Firm type
Pension Fund
Year founded
1932
Location
Region
North America
Country
United States
City
Sacramento
Corporate office
Lincoln Plaza East, 400 Q Street Room 1820, Sacramento, CA, United States
Principals
Marcie Frost
Chief Executive Officer
Stephen Gilmore
Chief Investment Officer
David Miller
President of the Board of Administration
Sector focus
Frequently asked questions
Who runs investment decisions at CalPERS?
Stephen Gilmore serves as Chief Investment Officer. Marcie Frost holds the CEO role. The Board of Administration provides oversight.
Does CalPERS participate in fund commitments or only direct deals?
CalPERS uses both fund commitments and direct co-investments. It also holds joint venture real estate positions and listed equities.
What asset classes receive the largest allocations?
Public equities form the largest segment. Private equity carries a 17 percent target allocation. Real estate and infrastructure follow with dedicated programs.
Where does CalPERS maintain geographic exposure?
Holdings concentrate in the United States with additional forestland positions in Latin America and Asia Pacific plus global infrastructure assets.
How is CalPERS related to other California pension systems?
CalPERS co-hosts events with CalSTRS. Both organizations manage separate member bases under state frameworks.
What external consultants support CalPERS operations?
State Street Bank acts as master custodian. Meketa Investment Group and Wilshire Associates provide real estate and forestland advisory services.
Does CalPERS maintain membership in responsible investment networks?
CalPERS belongs to the Ceres Investor Network, Climate Action 100+, and the UN Principles for Responsible Investment.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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