Global Infrastructure SherpaCalifornia Public Employees’ Retirement System
CalPERS is the largest public pension fund in the U.S., investing globally across various asset classes, including infrastructure. Its infrastructure strategy focuses on long-term, stable returns, inflation protection, and diversification, primarily through commitments to large, diversified infrastructure funds and direct co-investments.
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Pension FundInvestor
Strategic Overview
- CalPERS primarily invests in infrastructure through commitments to large, diversified private equity funds managed by established firms.
- The fund seeks long-term, stable cash flows and inflation protection from its infrastructure investments.
- Their infrastructure portfolio is globally diversified, covering a wide range of sub-sectors including digital, energy transition, transport, and utilities.
Deal History (1)
Deal Activity from Public Sources
CalPERS commits $1 billion to Stonepeak Infrastructure Fund V
CalPERS commits $500 million to KKR Global Infrastructure Investors V
CalPERS commits $1 billion to BlackRock Global Infrastructure Fund IV
Investment Focus
Technologies
Utilities1
Geography
Multiple1
Key People
Marcie Frost
Chief Executive Officer
Stephen Gilmore
Chief Investment Officer
Theresa Taylor
Board President
Track Record
92
Years Active
Detailed Analysis
Sectors
Technologies
Geographies
Deal Stage