Calpers Names New Private-Equity Head Amid Plans to Increase Segment Bets

The nation’s largest public-pension plan, stung by staff turnover in recent years, has tapped a newly hired executive to expand its private-markets program.

The California Public Employees’ Retirement System, which manages about $442.72 billion for retirees and other beneficiaries, on Tuesday said Anton Orlich will lead its private-equity program. The previous private-equity head, Greg Ruiz, left Calpers last month to join Jasper Ridge Partners as a partner at the Menlo Park, Calif. investment firm.