CalPERS made commitments of up to $15.2 billion to new and existing alternative investment strategies in Q3 2022, according to a report by Pension & Investments Online.

The $431.2 billion pension fund made an additional $1.5 billion commitment to Tower Bridge Infrastructure Partners, a private equity infrastructure fund managed by Global Infrastructure Partners; and also committed an additional $1.3 billion to Golden Reef Infrastructure Trust, an existing separately managed account run by infrastructure manager QIC.

Commitments totalling $2.1 billion were also committed to three private credit strategies managed by Owl Rock Capital Partners: $1 billion to OR Diversified Lending (CP), $600 million to OR Diversified Lending co-investment and $500 million to OR Diversified Lending overflow.

Read more: Private Equity Wire