Marcie Frost

Anton Orlich

Miguel Silva

CalPERS

For more than 30 years, CalPERS has developed and implemented emerging manager programs and invested with emerging and diverse managers. In 2023, CalPERS announced a $1 billion commitment to identify and support the next generation of investor entrepreneurs in private markets. Under the leadership of CEO Marcie Frost, CalPERS wants to “establish an ecosystem that helps emerging and diverse firms mitigate risk, unlock alpha, accelerate growth, and provide risk-adjusted returns.” Frost joined CalPERS as chief executive officer in 2016. She is only the second woman to head America's largest public pension fund with over $460 billion in assets and 2,800 employees. Anton Orlich is managing investment director for the CalPERS Private Equity group. His responsibilities include overseeing the fund’s global private equity asset class’s strategies, programs, and policies. Additionally, Anton sits on CalPERS’ Total Fund Management Committee and the Investment Underwriting Committee, which determines the strategies and allocations of the Total Fund’s assets. Prior to joining CalPERS, Anton was the head of alternative investments at Kaiser Permanente. Miguel Silva is responsible for Sustainable Investing as well as the fund’s emerging and diverse manager program initiatives across multiple asset classes.