CalPERS names Daniel Booth deputy CIO for private markets

California Public Employees' Retirement System (CalPERS) has appointed Daniel Booth to the newly created position of deputy CIO for private markets.

Booth will be responsible for all private market investment strategies, including asset allocation. He will work closely with Nicole Mussico, CIO, and the CalPERS investment office’s managing investment directors to lead investment decision-making in the real assets, private equity and private debt asset classes.

With around 25 years of investment experience, Booth joins CalPERS from the United Kingdom Infrastructure Bank in Leeds, United Kingdom, where he served as a senior adviser helping set up the investment and equity investment platforms. There, he helped to formulate investment strategies to support the British government’s net-zero agenda.

He also previously served as CIO for Border to Coast Pension Partnership, a centralized asset manager for 11 U.K. underlying local government pension schemes, and the