CalPERS

Check Size
€50M – €500M

Investment Focus

Investment Stages

Geographic Focus

Investment Thesis

The largest US public pension fund, re-entered venture capital after a decade-long hiatus with a 14.7% 1-year VC return and over $15B in annual PE commitments.

How to Pitch CalPERS

No Stated Policy
CalPERS hasn't published an outreach policy. A short, specific cold email is the safest default.
Source

Portfolio Highlights

Venture program via LP commitments to top-tier VC funds
Growth equity and mid-market buyout strategies
27 new PE commitments totaling $4.3B in H2 2025

Focus and check size from the firm's website. Website reachable as of Aug 2026.

Ready to Reach CalPERS?

A fit check scores your pitch against their thesis, stage and ticket. An email draft uses their real deals and thesis, not a template.