CalPERS 2022-2023 Annual Investment Report
Real Estate
Security Name Book Value Market Value
Pacific Multifamily Investors, LLC 2,374,881,683 2,897,899,501 PMI Tactical 857,765,151 814,070,594
Sacramento Venture Hines Base 48,191,254 49,265,437
Sacramento Venture Hines DT 50,222,856 47,585,202
Strategic Property Fund Asia SCSP 246,729,002 284,997,164 TechCore 2019 2,157,112,764 2,831,486,613
Total 38,590,245,807 55,318,715,971
CalPERS 2022-2023 Annual Investment Report
Infrastructure Partnerships
Security Name
Alinda Infrastructure Fund II, L.P.
Archmore International Infrastructure Fund II (B), L.P.
Archmore International Infrastructure Fund II (C), L.P.
Brookfield Infrastructure Fund V
Carlyle Infrastructure Partners, L.P.
CIM Infrastructure Fund, L.P.
Concession Investment Holdings, LLC
DB SAF C Strategic Partners, LP
DCP C Strategic Partners, LP
DigitalBridge Partners II, LP
DigitalBridge Strategic Assets Fund, LP
GIP Aquarius Fund, SCSp
GIP IV Gutenberg Co-Invest, SCSP
GIP IV Seaway Co-Invest 2, L.P.
Global Infrastructure Partners II, L.P. (GIP II)
Global Infrastructure Partners IV-A/B, L.P.
Golden Reef Infrastructure Trust
Harbert Gulf Pacific Power, LLC (HGPP)
Harbert Infrastructure Fund VI, L.P.
Harbert Power Fund V, L.P. (HPF V)
IFM Global Infrastructure (US), L.P.
IIF Hedged LP
Ivy Investment Vehicle LDC (SWPM)
Neptune Regional Transmission System, LLC
North Haven Infrastructure Partners II LP
SIERRA NEVADA INVESTMENT PARTNERS LP
Stonepeak Infrastructure Fund IV LP
Tower Bridge Infrastructure Partners, L.P.
Book Value Market Value
(100,998,648) 1,294,299
33,039,569 24,822,232
70,208,904 52,747,107
98,667,135 100,377,037
740,627 740,627
84,753,789 212,391,554
302,517,884 1,043,685,793
92,603,833 94,193,007
984,698,172 1,084,757,292
446,038,754 491,877,711
183,834,827 184,583,954
725,544,183 828,799,278
161,851,650 153,849,423
14,948,040 15,077,176
71,153,907 125,750,015
353,515,365 404,066,294
2,659,041,406 2,942,846,213
1,642,371,305 1,775,882,953
69,633,812 83,429,802
22,033,093 22,357,509
769,330,095 769,330,095
476,320,494 528,544,750
205,495 205,495
202,521,788 313,999,907
127,740,244 85,668,356
4,821,584 74,380,238
209,199,329 244,711,543
2,609,670,884 2,692,240,871
Total 12,316,007,520 14,352,610,529
CalPERS 2022-2023 Annual Investment Report
Forestland
Security Name Book Value Market Value
Lincoln Timber L.P. (251,940,155) 44,323,331
Southern Diversified 2,626,361 (665,167)
Sylvanus LLC 101,732,230 304,428,306
Total (147,581,565) 348,086,470
California Public Employees’
Retirement System
400 Q Street
P.O. Box 942701
Sacramento, CA 94229
-2701
(916) 795-3991
TTY: (877) 249-7442
www.calpers.ca.gov