GLOBAL - Calpers private equity assets plunge 23%

As of June 30 of this year, the market value of Calpers assets was $180.9bn, a decrease from $237.1bn one year ago.

The drop in the value of assets is said to be due mainly to unprecedented losses in financial markets and the resulting economic downturn.

The news comes after the pension fund recently decided to increase its asset allocation for private equity and venture capital investments. Calpers voted to raise the alternative investment target to 14%, an increase from 10%.

Despite the plunge in assets, however, Calpers has been cited as saying that its long-term 20-year investment return remained positive at 7.75%.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• LPs
• UK / Ireland
• DACH
• Nordics
• France
• Southern Europe
• CEE
• Benelux