September 24, 2020

Communications & Stakeholder Relations
Contact: Megan White, Information Officer
(916) 795-3991 - newsroom@calpers.ca.gov

CalPERS Names Yup Kim Private Equity Investment Director

SACRAMENTO, Calif. – CalPERS announced today that Yup Kim will join the pension fund as its new investment director in private equity.

Kim will help lead the CalPERS Private Equity Program engaging across all functions, including strategy, team management, and investment activities for primary, secondary, and co-investment opportunities globally. He comes to CalPERS from the Alaska Permanent Fund Corporation, where he served as senior portfolio manager for private equity and special opportunities.

Kim will begin as investment director on Monday, September 28. He will report to Greg Ruiz, managing investment director of private equity.

“Yup has been a thought leader in the industry with a unique combination of strategic insight, investing acumen, and managerial experience,” Ruiz said. “The evolution of Alaska Permanent’s Private Equity Program stands out for its innovation, thoughtfulness and investment returns. I look forward to partnering with Yup in the years to come as we continue to strengthen and evolve our Private Equity Program.”

Kim joined the Alaska Permanent Fund in 2016, and before that held roles at Deutsche Bank Private Equity, Performance Equity, Silver Point Capital, and Citigroup. He has a bachelor’s degree in economics from Yale University.

“CalPERS’ Private Equity Program has tremendous potential to generate long-term outperformance across the private markets spectrum,” Kim said. “There are incredible, unearthed competitive advantages at CalPERS that we’ll focus on cultivating and compounding over time to deliver strong results for all of our beneficiaries. I am thrilled to have the opportunity to contribute to a world-class Private Equity Program at CalPERS.”

About CalPERS

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 2 million members in the CalPERS retirement system and administers benefits for more than 1.5 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 $405 billion. For more information, visit www.calpers.ca.gov