Calpers, the largest pension fund in the world, has demonstrated its continued commitment to private equity with a $122m (€137.7m) investment in Sports Capital Partners, a fund targeting sports, media, leisure, lifestyle and entertainment.

The $170bn (€190.5bn) California Public Employees' Retirement System, is taking on the position in the fund, which was previously held by JPMorgan Chase Capital.

Calpers' appetite for private equity unsatisfied

Nicholas Lockley

Chase Capital Partners

Carlyle Group

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