SINGAPORE—A year after its initial China investment, the California Public Employees Retirement System pension fund (CalPERS) is putting another $300 million under a separate account mandate with ARA Asset Management. CalPERS is said to be the the largest US pension organization, and its investment with Singapore-based ARA now totals $1.3 billion.

“We appreciate the continued strong endorsement from CalPERS,” ARA Group chief executive John Lim said in an statement. “Our private funds division has grown from strength to strength, and it will continue to attract global institutional capital.”

Most of ARA's investors in its four private funds are United States or European pension funds, says industry news service PERE.

ARA told PERE that the capital committed matches the opportunity the firm currently sees in China. To date $300 million of ARA CIP's committed capital has been deployed. A spokesman told PERE it would likely be invested quickly.

Click PERE to read the full story.

Instant Insights /

CalPERS Fund Expands Investment in China

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