CalPERS, every mention
64 scenes across 8 shows · ← back to CalPERS
tap a year for its mentions
Capital Allocators 99
All-In 12
20VC 6
Acquired 5
Sourcery 4
Top Founders 1
the Startup Ideas Podcast 1
the a16z Podcast 1
every year every show Capital Allocators 99 All-In 12 20VC 6 Acquired 5 Sourcery 4 the Startup Ideas Podcast 1 Top Founders 1 the a16z Podcast 1
Verbatim, from the transcripts: passages where CalPERS comes up on Capital Allocators, All-In, 20VC, Acquired, Sourcery
Why Investors Are Rethinking Everything for the AI Era
Disney: The Renaissance and the Empire · Acquired
- ▶ 1:39:16 David Rosenthal CalPERS, the big California pension funds, they announced that they're going to vote their Disney shares against Eisner and vote for him to resign.
Stephen Gilmore – CalPERS' Total Portfolio Approach (EP.486)
- ▶ 0:00 Stephen Gilmore One of the things that has attracted value from the Kelper's experience has been a tendency to be too pro-cyclical.
- ▶ 1:39 Ted Seides My guest on today's show is Stephen Gilmore, the Chief Investment Officer of CalPERS, which at six hundred billion dollars is the largest public pension fund in the U.S. and one of the largest institutional pools of capital in the world. 4 times in the scene
- ▶ 18:27 Stephen Gilmore Let's talk about CalPERS, for instance.
- ▶ 23:15 Ted Seides When you came into CalPERS with this thought from your experience, you'd like to shift the portfolio to total portfolio approach. 3 times in the scene
- ▶ 26:48 Ted Seides When you bring this down to brass tacks for CalPERS, considering the needs of that pool of capital, what reference portfolio have you recommended?
- ▶ 30:04 Stephen Gilmore From a COPA's perspective, we do manage some of the public liquid markets internally, but it's more difficult to do that in the private markets. 2 times in the scene
- ▶ 41:24 Ted Seides When you've decided there's a particular opportunity where it makes sense to pursue active management, how do you think about the size of an active manager, their assets under management, as a fit for the CalPERS portfolio? 2 times in the scene
- ▶ 43:10 Ted Seides What are some of the subtle favorite features of yours that you've seen at TPA that you'd like to apply to CalPERS? 3 times in the scene
- ▶ 49:31 Stephen Gilmore One of the things I did when I first came in to Kelpa's was to say that New Zealand, I could see the portfolio on my phone. 3 times in the scene
- ▶ 54:04 Ted Seides Pursued with the team at CalPERS that feels like just the right fit for this particular pool of capital. 2 times in the scene
- ▶ 1:01:53 Stephen Gilmore How have things gone at CalPERS?
Ashby Monk – Total Portfolio Approach and the Future of Asset Owners (EP.480)
- ▶ 9:08 Ted Seides It does seem like in the last year, maybe with Steve Gilmore going to CalPERS, that more and more you're starting to hear about this as a thing. 5 times in the scene
- ▶ 30:08 Ashby Monk You literally have CalPERS hiring the CIO of New Zealand.
- ▶ 51:00 Ashby Monk We were lucky to have a very willing partner in CalPERS. 11 times in the scene
Miles Dieffenbach: Inside Carnegie Mellon’s $4BN Endowment & The Math Behind DPI, TVPI, Illiquidity · 20VC with Harry Stebbings
- ▶ 1:01:28 Miles Dieffenbach I mean, there was an article, um, out today about Yale and, and CalPERS. 4 times in the scene
How Do All Providers Deal with Anthropic Dependency Risk & Figma IPO Breakdown: Where Does it Price? · 20VC with Harry Stebbings
- ▶ 40:23 Harry Stebbings That's an amazing story, which is CalPERS bought some of Yale's venture allocations, and then in that venture allocation was Circle, which wasn't obviously priced reflectively of where it is in market today, and it's like a 20% immediate… 2 times in the scene
Stephen Nesbitt – Innovation in Private Markets for RIAs (EP.410)
- ▶ 47:44 Steve Nesbitt And then after I went to Wilshire, I was a consultant at CalPERS for most of the eighties, early nineties. 2 times in the scene
Elon gets paid, Apple's AI pop, OpenAI revenue rip, Macro debate & Inside Trump Fundraiser
- ▶ 37:36 Chamath Palihapitiya Would you take money from her and CalPERS after that statement? 3 times in the scene
David Weisburd, 10X Capital: Finding Alpha and LP Bias · Sourcery with Molly O'Shea
- ▶ 20:42 David Weisburd One of the paradoxes of asset management is that as your fund scales, you actually become more attractive to the majority of capital in the markets, not the majority of LPs, but the majority of capital, and you start to get phone calls… 4 times in the scene
Michael Mauboussin - Pattern Recognition and Public Markets (EP.370)
- ▶ 37:27 Michael Mauboussin Now, if you're CalPERS, you're super big, maybe you have to worry about dollars, but for the most of us, it's percentages.
Chad Summe and Mike Veith – Corridor of Commerce at eGateway Capital (EP.364)
- ▶ 37:16 Mike Vieth Mike has lived and worked in the private equity world for over 30 years, was early on at the Carlisle Group, and then moved out west, as he says, to do his service as the co-head of private capital at CalPERS.
How Holdco Legend Michael Girdley is Playing Multi-Decade Games (and Winning)
- ▶ 44:39 Michael Girdley It was Omar's or whatever the Ontario pension fund.
E141: State of Series A's, VC dry powder, IPO window opens + more with Bill Gurley & Brad Gerstner
- ▶ 34:19 Jason Calacanis That money is sitting in another person's bank account, LPs, Harvard's endowment, CalPERS, sovereign wealth funds, et cetera. 2 times in the scene
E133: Market melt-up, IPO update, AI startups overheat, Reddit revolts & more with Brad Gerstner
- ▶ 55:57 Chamath Palihapitiya Did you guys see this crazy thing from CalPERS where they were like, you know, they were, they were down like four, I mean, horrible returns on the venture side and so their decision was to double down.
- ▶ 1:19:02 Chamath Palihapitiya And I guess what's going to happen is the returns of calipers are going to cascade through everybody else thinking, well, at least I own some, you know, H 100 for a minute.
- ▶ 1:31:04 Chamath Palihapitiya And it may be the case that CalPERS maybe actually avoids a lot of these pitfalls because by missing, yeah, they missed all the returns, but then they missed
Ashby Monk – Investor Identity, Navigation, and Resilience (Capital Allocators, EP.312)
- ▶ 34:04 Ashby Monk Stanford Management Company, CalPERS.
Enron · Acquired
- ▶ 1:26:31 David Rosenthal And so they were in cahoots together and they had done a transaction together where again, before the funds, one of the investors that had come in on one of the projects was CalPERS, the big California state employee pension retirement…
- ▶ 1:26:57 Ben Gilbert Do you know, speaking of FTX, who the other big investor was along with CalPERS?
- ▶ 1:27:16 David Rosenthal So this particular entity was called the JEDI entity that CalPERS and the Ontario Teachers Fund had invested in, and Enron and Fastow wanted to do an even bigger deal with them, and CalPERS said, okay, we're interested in a bigger deal,…
- ▶ 1:28:29 David Rosenthal So they set up Dodson as the outside investor in Chuco to buy out the Jedi assets from CalPERS.
Charles Van Vleet – Thinking Differently with Pensions at Textron (Capital Allocators, EP. 283)
- ▶ 40:53 unnamed speaker Again, I really feel for the people at CalPERS who you just can't move the needle, and I feel badly for the, for the firms that are, you know, five hundred million to a billion, you're not going to have enough staff focus on it.
E80: Recession deep dive: VC psychology, macro risks, Tiger Global, predictions and more
- ▶ 33:26 Jason Calacanis And those commitments only come from Harvard, Yale, CalPERS, Ford Foundation, whoever, more or less on Kettering.
Wylie Fernyhough – Private Equity Stakes (Capital Allocators, EP.208)
- ▶ 5:38 Wylie Fernyhough You saw about a decade later, AIG bought a stake in Blackstone, and following that, we saw CalPERS and some sovereign wealth funds buy stakes in Apollo, Silver Lake, Carlisle, in that 2006 to oh eight time frame.
Julia Bonafede – Rosetta Analytics (Manager Meetings, EP.04)
- ▶ 14:32 Julia Bonafede They'd heard of Wilshire because of CalPERS, and so I could get them to meet with us, but the whole concept of taking your portfolio at the security level, and I spent a lot of time
Ashby Monk – Innovation in Institutional Portfolios (Capital Allocators, EP.196)
- ▶ 17:01 Ashby Monk We've seen tons of examples like CalPERS and CalSTRS and even UC Regents where fees and costs have driven changes in their portfolio, just the transparency.
- ▶ 21:50 Ashby Monk CalPERS isn't going away, but the people in those organizations can be fired.
- ▶ 25:49 Ashby Monk If I'm working with Ontario teachers and I'm CalPERS on an innovative project, I've got cover because I'm working with a fiduciary bound, prudent investor that has a solid reputation. 2 times in the scene
Innovation in Private Markets 1: Steve Moseley – The Space in Between GPs and LPs at Alaska Permanent Fund (Capital Allocators, EP.192)
- ▶ 8:04 Steve Moseley He leveraged his consulting relationship with CalPERS, with New York State Common, with several other well-known institutional investors.
- ▶ 10:19 Steve Moseley One of my colleagues at Pacific Corporate Group was Marcus Frampton, and he and I managed these direct investment vehicles for CalPERS and for others, had the experience of working together, liked it.
Ted with Patrick O'Shaughnessy – Lessons from the World's Elite Money Managers (Capital Allocators, EP.184)
- ▶ 40:24 Ted Seides Maybe CalPERS, the most recent again.
David Baran and Kazuhiko Shibata – Friendly Activism in Japan at Symphony (Capital Allocators, EP.176)
- ▶ 37:19 David Baran This is not a CalPERS, CalSTRS, Hermes problem.
E7: California's collapse, how SPACs are opening the markets for growth stocks & more
- ▶ 47:23 Chamath Palihapitiya Let's just say you're CalPERS. 2 times in the scene
Sustainable Investing 10: Hiro Mizuno – Changing the Game (Capital Allocators, EP.148)
- ▶ 10:56 Hiro Mizuno Well, the point is, most of the big asset owners, let's take public pension fund as an example, GPF, Culpers, Coasters, and all the big public pension funds, their most critical decision
Sustainable Investing 9: Reuben Munger – Private Capital Perspective (Capital Allocators, EP.147)
- ▶ 44:59 Reuben Munger There's some nonprofits that have moved to where it's no longer just an asset owner signatory where CalPERS has signed something, but that doesn't translate to the on the ground portfolio manager at Fidelity or wherever, you know, I'm not…
Sustainable Investing 1: Wendy Cromwell – The $170 Trillion Opportunity (Capital Allocators, EP.139)
- ▶ 46:36 Wendy Cromwell And we worked with Woods Hole and another partner, CalPERS, the Large California Pension Plan,
Daniel Adamson – Innovation from Asset Giants at Capital Constellation (EP.136)
- ▶ 28:22 Daniel Adamson There's been press out of CalPERS in the last couple of years about creating an internal GP.
New podcast: Jason Yanowitz on Consequences of Fed Stimulus, Socialism Next, Bitcoin Halving
- ▶ 31:22 Jason Yanowitz What that does is when you get Yale's endowment, Harvard's endowment, CalPERS pension fund, the pension fund of the police of New York,
E1: US Response to COVID-19 & Impact on Startups, VC & Public Markets with David Friedberg
- ▶ 55:54 Jason Calacanis If you wipe out the equity, would not, some of the people who would hit that pain are, uh, shareholders from a retirement home or a retirement plan, like CalPERS maybe owns.
Chris Ailman – CalSTRS' Venerable CIO (Capital Allocators, EP.86)
- ▶ 23:08 Chris Ailman It was actually born out of CalPERS at the time.
- ▶ 37:38 Chris Ailman Myself and the counterpart at CalPERS to price out buying puts for the entire portfolio.
Raphael Arndt – Australia's Sovereign Wealth Fund CIO (Capital Allocators, Episode 70)
- ▶ 5:23 Ted Seides It has been described to me as a pool of capital with the size and transparency of CalPERS and the sophistication of Yale.
Roz Hewsenian –Helmsley Trust's Chief of People and Process (Capital Allocators, EP.63)
- ▶ 18:10 Roz Hewsenian Public meetings with the press because CalPERS ended up being my biggest account when he left Wilshire. 5 times in the scene
- ▶ 18:52 Ted Seides And CalPERS, I think about two decades at CalPERS, there are all kinds of impressions people have about governance challenges at a place like CalPERS, without pointing them out.
- ▶ 23:32 Roz Hewsenian So let's take helpers specifically because it's 300 billion dollars. 15 times in the scene
- ▶ 35:24 Roz Hewsenian It's a brand new foundation that's getting off the ground, and she's looking for somebody who could be a chief investment officer who's really good at dealing with difficult boards, and I thought to myself, you've dealt with CalPERS.
- ▶ 1:14:09 Roz Hewsenian And rather than fight that, I recognized, and this was my CalPERS training, that I needed to earn trust.
Chris Brockmeyer – On Broadway (Capital Allocators, EP.47)
- ▶ 32:00 Chris Brockmeyer In very broad terms, probably relative to what you might see in an endowment versus a CalPERS or something like that, it's, the, the 11 plans I sit on are remarkably similar.
Deep Dive into Hedge Funds (Capital Allocators, EP.34)
- ▶ 32:46 Ted Seides And so just that simple part of what's a hedge fund, oh, that's something we want, in part thanks to Dave Swenson's book, and sort of the, the stamp of approval that he and CalPERS, when they invested in hedge funds for the first time in…
Jim Dunn – Protect, Perform, Provide (Capital Allocators, EP.24)
Kip McDaniel – CIO Whisperer (Capital Allocators, EP.20)
- ▶ 50:51 Kip McDaniel We've seen it so many times when Ted Eliopoulos has to deal with California politicians trying to intrude on CalPERS about stuff that us in the industry know is silly.
The Bet with Buffett (Capital Allocators, EP.05)
- ▶ 39:10 Ted Seides And probably the best example I know of that is CalPERS. 8 times in the scene