CP
PUBLIC PENSION $502B AUM California

California Public Employees' Retirement System

Sacramento, CA | Founded 1932 | 2.1M members | Largest US public pension

Total AUM
$502B
As of Dec 2025
GP Relationships
289
Across all strategies
Annual Pace
$18.4B
2025 commitments
Unfunded
$68.5B
Dry powder
Avg Decision
4-6mo
IC to close
Overview Allocation Commitments 312 GP Relationships 142 Team 18 Documents 24 News 38
Public Documents Download all
Document Type Published Action
CalPERS Annual Investment Report 2025
Annual Reports
PDF Dec 15, 2025 Download
Board Meeting Minutes - Q4 2025
Meeting Minutes
PDF Dec 12, 2025 Download
Private Equity Investment Policy
Investment Policy Statements
PDF Nov 18, 2025 Download
ESG Integration Report 2025
ESG/Sustainability Reports
PDF Oct 22, 2025 Download
Strategic Asset Allocation Policy
Investment Policy Statements
PDF Sep 30, 2025 Download
Board Meeting Minutes - Q3 2025
Meeting Minutes
PDF Sep 15, 2025 Download
Private Markets Portfolio Data
Annual Reports
XLSX Aug 28, 2025 Download
Real Estate Investment Policy
Investment Policy Statements
PDF Aug 10, 2025 Download
Climate Risk Report 2025
ESG/Sustainability Reports
PDF Jul 25, 2025 Download
Infrastructure Investment Policy
Investment Policy Statements
PDF Jul 12, 2025 Download