US. CalPERS pledges more than $8 billion to alts

CalPERS committed $850 million each to Global Infrastructure Partners V and a co-investment sidecar fund. Pension fund officials committed $512 million to buyout fund CVC Capital Partners IX, $300 million to Asia-Pacific focused buyout fund CVC Capital Partners Asia VI, and $268 million to buyout fund Whitney Global Partners II, all managed by CVC Capital Partners.

CalPERS committed an additional $300 million to Thrive Capital Partners VIII Growth, a late- stage venture capital fund. It also committed $300 million each to middle-market buyout fund TA XV-A, managed by TA Associates; buyout fund Bain Capital Asia Fund V; General Atlantic Managed Account 2023, a private equity managed account, and buyout fund TPG Partners IX. It had previously announced a $500 million commitment to Thrive Capital Partners VIII Growth in September.

Pension fund officials also committed $250 million to software and technology-focused growth equity fund PSG VI, managed by PSG Equity, and $225 million to a buyout fund Apollo Investment Fund X, managed by Apollo Global Management. It also committed $200 million each to buyout fund Blackstone Capital Partners IX, Pantheon Global Secondaries Fund VII, middle-market buyout fund American Industrial Partners Capital Fund VIII and North American middle-market healthcare buyout fund Altaris Health Partners VI. CalPERS committed $100 million to buyout fund Cobalt Investment Fund, also managed by American Industrial Partners, and $80 million to A5083, a private equity fund also managed by Altaris.

 

 

 

Read more @pionline