The California Public Employees Retirement System (CaIPERS) has allocated $1.4 billion to five private equity funds and a hedge fund.
It committed $500 million to the Riverstone/Carlyle Global Energy & Power Fund IV; $442 million to Bridgepoint Europe IV Fund; $200 million to the Resolute Fund II; $106 million to Carlyle Europe Technology Partners II and $100 million to Advent Japan Private Equity Fund.
The systems $100 million hedge fund investment went to The Marquee Fund, a multi-strategy from Evnine & Associates.