CP
PUBLIC PENSION $502B AUM California

California Public Employees' Retirement System

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

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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
45
Buyout
$42.8B total committed
32
Growth Equity
$18.6B total committed
28
Private Credit
$15.2B total committed
37
Real Assets
$28.4B total committed
GP Directory Export all
GP Strategy Total Commitment Active Funds First Investment
BX
Blackstone 		Buyout $2.8B 4 1992
KKR
KKR 		Real Assets $2.1B 3 1994
APO
Apollo Global 		Credit $1.9B 3 1998
BFD
Brookfield 		Real Assets $1.6B 2 2005
TB
Thoma Bravo 		Buyout $1.4B 2 2008
CG
Carlyle Group 		Buyout $1.3B 2 1996
TPG
TPG Capital 		Growth $1.1B 2 2001
ARS
Ares Management 		Credit $980M 2 2010
GIP
Global Infrastructure Partners 		Real Assets $875M 1 2012
GS
Goldman Sachs AM 		Growth $720M 1 2015