CalPERS Seeks to Sell Multi-Billion Dollar Portfolio Amidst LP-Led Shopping Spree

Monday, Aug 18, 2025 10:24 am ET1min read

CalPERS is seeking to sell another multibillion-dollar portfolio, less than a year after closing a previous one. CVC has disclosed the expected launch date of its next flagship buyout fund. The news comes as the pension fund continues to divest and reallocate its assets.

CalPERS, the California Public Employees' Retirement System, is set to sell another multibillion-dollar portfolio, less than a year after closing a previous one. This move comes as part of the pension fund's ongoing strategy to divest and reallocate its assets [1].

Meanwhile, CVC Capital Partners has disclosed the expected launch date of its next flagship buyout fund. The fund, known as CVC Catalyst, is focused on European midmarket buyouts and has a target size of $2 billion [2]. This announcement follows CVC's strong fundraising momentum in the first half of 2025, with significant progress made across various strategies, including Direct Lending, Secondaries, Infrastructure, and Private Equity [3].

CVC's CEO, Rob Lucas, commented on the strong deployment, realisations, and portfolio performance achieved despite a volatile market backdrop. He highlighted the good fundraising momentum across each strategy, driven by CVC's investment track record, the depth of its network, and the continued strong pace of realisations [3].

These developments reflect broader trends in the private equity and investment sectors. CalPERS' divestment strategy is part of a broader trend of pension funds reallocating assets to seek higher returns. Meanwhile, CVC's plans to launch a new buyout fund align with the broader trend of private equity firms targeting undervalued software firms and other growth opportunities [4].

References:
[1] https://www.cvc.com/media/news/2025/half-year-2025-activity-update/
[2] https://www.ainvest.com/news/dayforce-shares-jump-24-reports-thoma-bravo-buyout-talks-2508/
[3] https://www.marketbeat.com/instant-alerts/filing-state-of-new-jersey-common-pension-fund-d-sells-21085-shares-of-blackstone-inc-nysebx-2025-08-16/

CalPERS Seeks to Sell Multi-Billion Dollar Portfolio Amidst LP-Led Shopping Spree

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