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ARTICLE | Financial News

CalPERS considers direct private investment

May 25, 2018 3:28 PM UTC

California Public Employees' Retirement System proposed on May 17 creating two private investment funds representing as much as 10% of its portfolio, which equates to investing about $13 billion a year.

One fund would be focused on late-stage investments in life sciences, healthcare and technology, the other on long-term investments in established companies...

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