State Pensions Outsourcing Private Equity Divisions.

CALPERs is in talks that could outsource its private equity division & serve as a bellweather for other state pensions.

How could this affect the pension fund?   Private equity has been CalPERS’ best-performing and main asset class in the past two decades

Reuters via CNBC | Largest US pension fund CalPERS in talks with BlackRock to outsource buyout business, source says