Asset Owner Directory

California Public Employees Retirement System (CalPERS)

The California Public Employees’ Retirement System (CalPERS or the System) is the nation’s largest defined benefit public pension fund. Headquartered in Sacramento, CalPERS provides retirement benefit services and health benefit services to membersof state, schools and public employers.

Country

United States

AUM

$503

Performance (%, 1YR)

9.30

Chief Executive

Marcie Frost

Chief Investment Officer

Stephen Gilmore

Chair

Theresa Taylor

Asset allocation

45.1% Global Equity

12.9% Private Equity

26.4% Fixed Income

15.2% Real Assets

2.2% Private Debt

Website

View the annual report

Global Pension Transparency Benchmark country system description

Asset allocation as of June 30, 2024. All information is as per the most recent annual report or other publicly available data via the fund's website

Top1000funds.com related articles

Fixed Income

CalPERS touts fixed income wins, gears up for TPA

At the annual review of its fixed income portfolio, CalPERS staff explain how active management, value-add strategies and the hunt for alpha are paying off, with ESG integration giving it a valuable edge and informing it to invest in companies under pressure like Boeing at the right time.

Sarah RundellOctober 14, 2025

Asset Allocation

CalPERS finds continuity in climate of uncertainty

Investors are grappling with a multi-regime change that is manifesting in trade and geopolitical upheaval and a rise in real interest rates. But at a recent meeting, the CalPERS board heard that US equities remain top performers and the dollar, though weaker, is still historically strong and wil remain so.

Sarah RundellJuly 15, 2025