CalPERS secondary sales of private equity interests have profoundly lacked transparency; public rightly concerned that values of certain remaining private equity portfolio holdings may be overstated.
Marking to market would hurt bonuses https://commonsense401kproject.com/2026/05/22/calpers-sets-its-own-excessive-pay-off-the-charts/
Marking to market would hurt bonuses https://commonsense401kproject.com/2026/05/22/calpers-sets-its-own-excessive-pay-off-the-charts/