CalPERS committed a total of $605m to four alternative investment funds in the fourth quarter, according to a report to the investment committee.
The $479bn California Public Employees’ Retirement System, Sacramento, committed $300m to Tiger Global Private Investment Partners XV, an investment fund managed by Tiger Global Management.
Pension officials also committed $155m to Permira Growth Opportunities II, a growth equity fund, and $100m to BRV Lotus Fund III, a developed Asia growth equity fund managed by BlueRun Ventures.
CalPERS also committed $50m to Dragoneer Opportunities Fund VI, a growth equity fund managed by Dragoneer Investment Group.
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