November 9, 2015

Communications & Stakeholder Relations
(916) 795-3991
Brad W. Pacheco, Deputy Executive Officer
Contact: Joe DeAnda, Information Officer

Diverse cast of outside experts to participate with CalPERS staff, consultants

SACRAMENTO, CA - The California Public Employees' Retirement System (CalPERS) will hold a comprehensive educational workshop examining the private equity asset class as part of its November Investment Committee meeting. The workshop will include leading private equity experts from the financial services industry, academia, legal field, and public pension systems.

In addition to CalPERS Chief Investment Officer, Ted Eliopoulos, senior CalPERS staff, and outside consultants of the CalPERS Board of Administration; workshop participants will include:

  • David Larsen, Managing Director, Alternative Asset Advisory Services, Duff & Phelps
  • Josh Lerner, Chair, Entrepreneurial Management Unit; Professor, Harvard Business School
  • Paul C. McCoy, Partner, Morgan Lewis
  • Bob Maynard, Chief Investment Officer, Public Employee Retirement System of Idaho
  • Chris Ailman, Chief Investment Officer, California State Teachers' Retirement System

The workshop agenda will explore the benefits and drawbacks of having private equity in the CalPERS portfolio, review the private equity industry and CalPERS' role in it, seek to define key legal terms and conditions, and examine examples of private equity accounting, among other areas. The workshop will be held on November 16 at CalPERS Headquarters in Sacramento, California, from 10:15 a.m. PST to 1:15 p.m. PST. For those unable to attend in person it will be webcast live at

For more than eight decades, CalPERS has built retirement and health security for state, school, and public agency members who invest their lifework in public service. Our pension fund serves more than 1.7 million members in the CalPERS retirement system and administers benefits for more than 1.4 million members and their families in our health program, making us the largest defined-benefit public pension in the U.S. CalPERS' total fund market value currently stands at approximately $295 billion.