CalPERS Private Equity has achieved a stunning performance turnaround, catapulting from 17th place in 2022 to the top performer among America's 30 largest public pension fund private equity programs in 2024.
Dr. Ashby Monk, Executive Director of Stanford Research Initiative on Long Term Investing, reveals how pension funds, sovereign wealth funds, and endowments—managing $140 trillion globally—operate fundamentally differently from typical businesses.