25th May, 2026
A participant-funded forensic report has turned CalPERS’ private market strategy into a wider test of public capital transparency, as it accuses the largest US public pension fund of weak oversight, opaque costs, benchmark problems and incomplete disclosure of private asset economics.
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18th May, 2026
Sovereign Wealth Funds and Public Pension Funds saw their portfolios of US Equities decrease in value significantly during the first quarter of 2026, due to the War in Iran and the subsequent effect in oil prices and global financial markets. According to the quarterly filings released by SEC this week, the average holdings of Sovereign Investors would have fallen 12% by March 31, after all investments and exits.
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6th April, 2026
BlackRock’s relationships with sovereign wealth funds have moved well beyond traditional mandates, with the firm now serving different funds as external manager, platform builder, infrastructure sponsor and co-investment partner depending on the mandate, asset class and strategic objective.
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30th March, 2026
Manipal Health’s proposed IPO shows Temasek moving a scaled India healthcare platform from private build-out to public-market funding rather than pursuing a broad exit. The transaction is weighted toward fresh capital, with proceeds directed to debt reduction and the integration of Sahyadri Hospitals, which points to recapitalisation after an acquisition-led expansion phase.
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3rd March, 2026
The announced take-private of the AES Corporation at a US$33.4 billion enterprise value including assumed debt, shows sovereign wealth and public pension heavyweights are willing to back a capital-intensive US power platform.
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1st January, 2026
For its leadership among US retirement systems, for its growing investment and sustainability activity and for its adoption of forward-looking strategies, Global SWF believes that CalPERS is a worthy recipient of the 2025 Fund of the Year award. We were delighted to present it to Stephen Gilmore, Chief Investment Officer of the US$ 596 billion fund, and to speak with him about the fund’s state of play and next ambitions
15th July, 2025
On Monday, California pension fund CalPERS, which manages pension and health benefits for more than 2 million public employees, retirees, and their families, reported the results for the fiscal year ending on June 30, 2025.
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17th January, 2025
Affordable housing is emerging as a global priority, and state-owned investors (SOIs) are stepping up with bold financial strategies to bridge the gap between supply and demand.
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20th November, 2024
Affordable and social housing is emerging as a focus for state-owned investors (SOIs) who see opportunities for real estate asset growth as well as addressing social responsibility in their ESG mandates.
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28th June, 2024
Canadian public pension fund AIMCo has joined peers in offloading chunky private equity portfolios as markets pick up, taking advantage of a revival of interest in private equity and rebalancing its portfolio.
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16th May, 2024
TPG Rise Climate vehicle has won another state-owned investor for its carbon-cutting mission with the US$320 billion Saudi public pension fund manager Hassana – part of the General Organization for Social Insurance (GOSI) – making forming a US$1.5 billion partnership, including a “substantial anchor commitment” to the new Transition Infrastructure fund and an allocation to the TPG Rise Climate II fund.
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3rd April, 2024
After five years serving as NZ Super’s CIO, Stephen Gilmore is packing his bags for California where he is set to start his new job at the US$494 billion CalPERS, the US’s largest public pension fund and a massive step up from the US$70 billion New Zealand sovereign wealth fund.
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