We recently released the annual CalPERS for California (PDF) report detailing how our investments supported economic opportunity in California for the 2016-17 fiscal year. Released along with the CalPERS for California report is the California Initiative (PDF) report. This report highlights a program that encourages investments in companies located in underserved California markets.
These reports describe how our investments support community infrastructure, business expansion, and related economic activity.
Here are some key findings from the CalPERS for California 2017 report:
- Investments in California for the 2016-17 fiscal year totaled $30 billion.
- Our investments in California span the state, from Del Norte County in the north, to Imperial County in the south, and every county in between.
- Over 266,200 jobs have been supported as a result of our private asset class investments in California.
Since the California Initiative launched in 2001, CalPERS has invested more than $1 billion in 539 companies located in California. These companies have provided California communities with quality jobs and benefit levels for health care and retirement that outpace statewide and national levels.
For more information on our investments or to view the full reports, go to our website.
* CalPERS’ total portfolio value was $323.7 billion at June 30, 2017. The five asset classes above do not total the entire portfolio. “Other” consists primarily of forestland, inflation-linked securities, absolute return strategies, cash, and cash equivalents.