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CalPERS says considering making own private equity investments
In the fiscal year ended June 30, private equity investment returned 13.9 percent, the second best performer behind public equities, or stock portfolio. Private equity has been CalPERS' best performing asset class in the past two decades and accounts for about $26 billion of its portfolio. CalPERS mainly invests in private equity funds and has been criticized for accepting the high fees and limited disclosures typically associated with the asset class.
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