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The investment committee of the pension fund has initially approved a plan that could lead to $20 billion in new private equity investments.
The key investment committee of the California Public Employees’ Retirement System (Calpers) pension fund initially approved the concept of having its own two new groups make private equity investments that could grow to a combined $20 billion. In particular, the committee on March 18 acted to include two organizations — Pillars III (Late Stage Venture/Growth)...
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