Suit Forces CalPERS to Issue Investment Results

CalPERS, the nation’s largest pension system, said Friday that its investments in leveraged buyout and venture funds had performed just slightly better than a proxy for the broad stock market over the past dozen years.

The disclosure marked the first time the California Public Employees’ Retirement System had released returns for its private equity portfolio. The release followed a settlement earlier this week by CalPERS of a lawsuit filed by the San Jose Mercury News, which sued to force the $133-billion pension system to disclose its returns.