As a public employee since 1998 and CalPERS Board member since 2003, Priya understands the needs of California’s public employees.

She would be honored to serve you in another term on the CalPERS Board.

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Growing the CalPERS Fund

Priya’s priority is protecting the sustainability of CalPERS retirements. As a CalPERS Board Member for 15 years, Priya has helped lead your pension fund through two financial downturns. After the second financial crisis, the CalPERS fund fell to a low of $160 billion in assets.

Priya’s financial and investment experience yielded sound guidance as CalPERS assets recovered and grew to record levels. Key to the recovery were strategic long-term investment planning, robust risk management practices, and vigorous corporate governance. Priya pushed for the fund to be vigilant about its investments and supported innovative investment strategies that maximize returns, minimize risk and exposure, and keep investment fees low. By spring 2014, the fund’s assets reached an all-time high of nearly $290 billion. 

In 2018, Priya was elected President of the CalPERS Board.

A Career in Investments

CalPERS invests in a diversified portfolio of assets — public equities (stocks), fixed income (bonds), private equity, real estate and infrastructure. Managing an investment portfolio the size of CalPERS' requires more than an understanding of how these asset classes work and their potential returns. It entails managing various and complex forms of risk, considering the interaction between CalPERS' assets and liabilities, and, moreover, appreciating the greater context of our members' lives. 

Priya's investment expertise makes her an asset to the Board and to the public employees of California. She began her investment career in municipal bonds at Public Financial Management, first on the buy side and then advising public agencies on structuring and selling debt. As a Principal Financial Analyst at the Bay Area Rapid Transit District (BART), where she has worked for almost 25 years, Priya has been responsible for developing BART's long term capital infrastructure investment plan, including the use of general obligation bonds to fund infrastructure projects.