The California Public Employees Retirement System, the largest public pension fund in the country, announced new data on the performance and cost of its private equity portfolio dating back to 1990.
In that time, the pension fund has realized $24.2 billion in net gains, while external fund managers have realized $3.4 billion in fees and profit sharing agreements, according to a release from CalPERS.
For the 2015 fiscal year, the fund saw $4.1 billion in private equity net gains, while the external partners and managers of those investments realized $700 million in profit sharing agreements.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
