🏢 Company
CalPERS
California government agency which manages pensions for government workers
📊 Rating
1 news mentions · 👍 0 likes · 👎 0 dislikes
📌 Topics
- Institutional Investment (1)
- Alternative Assets (1)
- Economic Strategy (1)
🏷️ Keywords
private credit (1) · pension funds (1) · CalPERS (1) · CPP Investments (1) · alternative investments (1) · direct lending (1) · institutional investors (1) · yield (1)
📖 Key Information
The California Public Employees' Retirement System, branded as CalPERS, is an agency in the California executive branch that "manages pension and health benefits for more than 1.5 million California public employees, retirees, and their families". In fiscal year 2020–21, CalPERS paid over $27.4 billion in retirement benefits, and over $9.74 billion in health benefits.
CalPERS manages the largest public pension fund in the United States, with more than $469 billion in assets under management as of June 30, 2021.
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