CalPERS today announced changes to the structure of two of its private markets investment programs, with management of the recently created Growth & Innovation program consolidated with that of the Private Equity asset class. Private Equity will be led by Anton Orlich, who was appointed last month as managing investment director for Growth & Innovation. In combining the two programs, Orlich will succeed Greg Ruiz, who recently left his role with CalPERS’ Private Equity team for employment in the private sector. “Anton brings a unique array of talents to our investment team,” said CalPERS Chief Investment Officer Nicole Musicco.