CalPERS Releases Annual Reports Highlighting California Investments
June 20, 2017
Communications & Stakeholder Relations
Brad W. Pacheco, Deputy Executive Officer
Wayne Davis, Chief, Office of Public Affairs
Contact: Megan White, Information Officer
Investments in California amount to $27.3 billion as of June 30, 2016
SACRAMENTO, CA - The California Public Employees' Retirement System released its CalPERS for California 2016 (PDF) report, detailing the broad ancillary benefits the System's investments generated in California for the 2015-16 fiscal year. Additionally, CalPERS released an updated version of the CalPERS California Initiative (PDF) report, highlighting a program that encourages investments in companies located in traditionally underserved California markets.
Ancillary benefits of CalPERS' investments described in these reports include the creation and support of jobs, infrastructure for communities and commerce, and business expansion and related economic activity.
"The strength of California's economy makes it an ideal market to invest in," said Henry Jones, CalPERS investment committee chair. "CalPERS has a commitment to pay benefits for generations to come. Investing in California helps us to fulfill that commitment."
Key findings in the CalPERS for California 2016 report include:
- Investments in California for the 2015-16 fiscal year totaled $27.3 billion.
- Investments in California represent 9.3 percent of the Total Fund.
- More than 262,000 jobs are supported as a result of CalPERS' private asset class investments in California.
- CalPERS' funds were invested across asset classes, including public equity, fixed income, private equity, real estate, and infrastructure.
"CalPERS is a global investor with assets worldwide," said Ted Eliopoulos, CalPERS chief investment officer. "But we are very proud of the investments we are able to make in our home state of California. To make a positive impact on our communities while fulfilling our fiduciary duty is an ideal situation."
Watch Clint Stevenson, investment manager for CalPERS Engagement Programs, explain how the "CalPERS for California" program benefits the economy of the state.
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 1.8 million members in the CalPERS retirement system and administers benefits for 1.4 million members and their families in our health program. CalPERS' total fund market value currently stands at approximately $325 billion. For more information, visit www.calpers.ca.gov.