Global Infrastructure SherpaCalifornia Public Employees’ Retirement System (CalPERS)
CalPERS is a large public pension fund that invests globally across various asset classes, including a significant allocation to infrastructure. Its infrastructure strategy focuses on long-term, stable returns from essential assets, often through direct investments, co-investments, and commitments to infrastructure funds, targeting sectors like transport, utilities, digital infrastructure, and renewable energy.
Get alerts when new deals involving California Public Employees’ Retirement System (CalPERS) are announced — free, no spam.
Pension FundInvestorAsset Manager
Strategic Overview
- Focuses on long-term, stable, and inflation-hedged returns from essential infrastructure assets.
- Increasing allocation to private assets, including infrastructure, as part of its diversified investment strategy.
- Emphasizes sustainability and ESG factors in its investment decisions across its portfolio.
- Utilizes a mix of direct investments, co-investments, and significant commitments to leading infrastructure funds to achieve its investment objectives.
Deal History (2)
Deal Activity from Public Sources
CalPERS commits $1 billion to DigitalBridge Partners III fund, focused on digital infrastructure.
CalPERS commits $1 billion to Stonepeak Infrastructure Fund V, investing in broad infrastructure assets.
CalPERS commits $1 billion to Global Infrastructure Partners (GIP) V, for investments across various infrastructure sectors.
CalPERS commits $500 million to KKR Global Infrastructure Investors V fund.
Investment Focus
Technologies
Utilities1
Other1
Geography
Multiple1
U.S.1
Key People
Marcie Frost
Chief Executive Officer
Anton Nechaev
Interim Chief Investment Officer
Theresa Taylor
Board President
Track Record
92
Years Active
$B14.7B
Total Value
Detailed Analysis
Sectors
Technologies
Geographies
Deal Stage