CalPERS’ Infrastructure Program consists of five segments:

  • Essential
  • Commercial
  • Consumer
  • Specialized
  • International

Infrastructure targets stable, defensive investments within the water, energy, waste, transportation, technology, and communications sectors.

CalPERS’ Forestland Program consists of three segments:

  • Essential
  • Specialized
  • International

Forestland investments are long-term investments. The return drivers include biological growth, timber prices, and land values. Forestland targets investments within the timber and agriculture sectors.

Paul Mouchakkaa: The Infrastructure Program

Investment Division: Real Assets

Current Allocation Targets: View Asset Allocation & Performance.

Current Portfolio Size: View CalPERS Investment Fund Values.

Investment Proposals: Find more information on Investment Proposal Submission on active solicitations and other CalPERS Business Opportunities.

Emerging Manager Program: The Infrastructure and Forestland Program does not currently have an Emerging & Transition Managers Program.


View all Investment Policies.