Nicole Musicco

Nicole Musicco has unexpectedly stepped down as chief investment officer at the California Public Employees' Retirement System (CalPERS), the country's largest public pension system. Musicco joined CalPERS in early 2022 after having worked with private equity firm RedBird Capital Partners. Nicole Musicco was named chief investment officer in February 2022. She oversees an investment office of nearly 400 employees and manages investment portfolios of roughly $500 billion, including the Public Employees’ Retirement Fund and affiliate funds. As chief investment officer, Nicole oversees total fund investment and operational strategies. She collaborates with the managing investment directors and their teams to implement asset allocation and investment strategies. She also oversees our Investment Office’s business management needs, including strategic planning, financial reporting, expense management, and talent management. Prior to joining CalPERS, Nicole was a partner at RedBird Capital Partners where she led the firm’s Canadian investment business. She also previously managed the private markets investment program at the Investment Management Corporation of Ontario (IMCO). Nicole’s experience includes 16 years with the Ontario Teachers’ Pension Plan where she led the public equity investment team and oversaw the private equity fund and co-investment program. She was responsible for opening the fund’s Asia Pacific office in Hong Kong and helped build its presence in Asia. Nicole graduated with a bachelor of science degree in Kinesiology from Western University in London, Ontario, and a bachelor of arts in Honors Business Administration and MBA from Western’s Ivey School of Business.