CalPERS plans direct investment strategy

The US’s largest pension fund has proposed a two-pronged approach.

CalPERS, the state of California’s public-sector pension fund, has announced it is planning to set up two new direct investment funds in a bid to improve long-term returns.

Reports suggest the funds – a venture capital vehicle as well as one focusing on established companies – will be able to invest up to $13bn. However, the move has yet to be ratified by the CalPERS board.

See more from this Government Report: California (CA), US


Supporting articles

Copyright Mawsonia Limited 2010. Please don't cut articles from or the PDF and redistribute by email or post to the web without written permission.

Most read

  1. Bahrain launches $100m fund of funds

    May 25, 2018

  2. NFon becomes HTGF’s first IPO

    May 25, 2018

  3. Ant Financial to access $10bn

    May 25, 2018

  4. Budget grants Invest Georgia extra $10m

    May 25, 2018

  5. CalPERS plans direct investment strategy

    May 25, 2018