Calpers Allots More Than $1 Billion to Sixth Street For Asset-Based Finance

California Public Employees’ Retirement System committed more than $1 billion to an asset-based finance strategy managed by Sixth Street, according to a person with knowledge of the matter.

Calpers — the largest public pension fund in the US — allocated the funds through a separately managed account overseen by Sixth Street in the second quarter, said the person, who asked not to be identified discussing confidential information.