By Lauren Bailey
Dan Bienvenue is stepping down from his role as Deputy Chief Investment Officer at the California Public Employees’ Retirement System.
In a memo to staff announcing his departure, Marcie Frost, CalPERS’ chief executive officer, said Bienvenue was leaving his role at the pension plan to join private equity firm General Atlantic as managing director, leading the firm’s capital solutions initiatives for pension plans. His last day will be April 18.
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It noted Bienvenue joined CalPERS in 2004 as a portfolio manager, subsequently serving in multiple roles throughout his tenure, including as managing investment director for global equities, interim chief investment officer twice, and in concurrent roles as the interim chief operating investment officer.
Frost said Bienvenue has made significant contributions to the investment organization, including building the internal management capability for international equity, streamlining the external management of global equity from more than 60 managers to approximately 15, and aligning the corporate governance function within global equity. In addition, he also assumed responsibility for management of the plan’s affiliate funds from the enterprise.
“Dan is known for creating a team culture of collaboration, respect, and trust, and made several key hires in our investment office,” she said.
