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The $17bn pension fund wants to hire a manager to help it achieve diversification across vintage year, industry sector and strategy type.
The state's $769m Highway Patrol Retirement System is considering investing in secondaries.
The pension will only accept fund of funds strategies that focus solely on secondaries.
After combining infra, real estate and timber into a single real assets unit in 2011, CalPERS is considering consolidating its strategy.
The $180bn pension fund manager is an active seller on the secondaries market and committed to Ardian and Lexington Partners vehicles last year.
The independent secondaries firm is searching for an investment manager who will focus on the strategy from its Paris headquarters.
The German fund manager’s new vehicle, which can invest in both fund and direct secondaries, will deploy 75% of capital raised into unlisted funds.
The amount of capital funds of funds allocate to secondaries has nearly doubled in the past decade.
The timber multi-management firm’s fund recently made a secondaries co-investment.