CalPERS plans to expand private credit allocations to energy

California Public Employees’ Retirement System: California Public Employees’ Retirement System, known as CalPERS, is the largest public pension fund in the United States and manages retirement assets for California state and local public employees. It maintains a diversified portfolio across public equities, fixed income, and private markets while integrating sustainable investment considerations. In this news, CalPERS is expanding its private credit allocations specifically targeting opportunities in the energy transition. Sector Focus: Public pension systems are directing resources toward energy transition investments through private market vehicles. Investment Trends: Large pension funds continue to allocate capital to private credit strategies as part of broader private markets programs amid ongoing market opportunities.