7514.7 Disclosure

California Government Code Section 7514.7 (Code 7514.7) requires California Public Plans to disclose fees and expenses, including carried interest, paid to its alternative investment fund managers on an annual basis.  The Plan’s alternative investments include the following:

  • Private Equity Fund
  • Real Estate Funds
  • Hedge Funds
  • Timber Funds

The intent of Code 7514.7 is to increase transparency of the fees public plans are paying by expanding on the existing disclosure requirements for alternative investments as stated in the California Public Requirement Act. 

  

Annual Reports