The nation's largest pension fund is mulling a 40 percent increase in its private equity investments, according to a report.
The California Public Employees Retirement System is among many in buyouts who see buying opportunities in beaten-down prices.
The Reuters report said that the pension fund giant is meeting next week to vote on a plan that would bump up its fund for corporate buyouts and venture capital to 14 percent from 10 percent.
The Calpers fund now stands at $22.8 billion, or 13 percent of its funds under management, according to the report. The proposed boost in the fund could add as much as $5 billion in funding to the category.