CalPERS Names Greg Ruiz To Lead Private Equity Program

A message from CalPERS:

Communications & Stakeholder Relations
Contact: Megan White, Information Officer
(916) 795-3991 - newsroom@calpers.ca.gov

SACRAMENTO, Calif. – The California Public Employees' Retirement System announced today that Greg Ruiz will join the pension fund as its new managing investment director for private equity.

Ruiz has extensive experience in private equity investing, having worked across multiple sectors including consumer, retail, healthcare, technology, financial services, and education. He comes to CalPERS from Palo Alto-based Altamont Capital Partners, where he serves as a principal.

"Greg has a keen understanding of what successful private equity investing demands," said Ben Meng, CalPERS' chief investment officer. "He has spent his entire career in private equity across fund and direct investing, and his expertise and leadership will be pivotal to our program as we continue to explore different approaches to investing in private equity.

"Private equity plays a vital role in CalPERS' ability to meet our commitment to our 1.9 million members. Greg's background will complement the skills already on our team, and I look forward to working closely with him."

Ruiz began his career at Goldman Sachs before joining the private equity firm FFL Partners. He joined Altamont Capital Partners in 2013.

Ruiz earned a bachelor of arts degree from Princeton University and an MBA from Stanford University's Graduate School of Business.

Sarah Corr has been serving as interim managing investment director for private equity.  

"I want to thank Sarah and our entire private equity team for all they've done to manage the portfolio successfully," Meng said. "Their contributions have helped us develop new ideas that we believe will help us achieve our targeted return and continue to better position our private equity portfolio for the years ahead. I look forward to their continued contributions as we go forward."