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Venture Capital Private Equity

CalPERS increases venture and growth exposure

privateequitywire

5 months ago

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California Public Employees’ Retirement System has increased its exposure to venture capital and growth equity as part of a broader overhaul of its private equity portfolio, shifting capital away from large buyout funds in favour of strategies with lower fees or higher return potential, according to a report by Bloomberg.
The pension fund, which manages more than $500bn in assets, increased growth equity to 31% of private equity commitments in the fiscal year ended June 2024, up from 9% two year...

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