The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat
Thursday, 19 January 2017
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Jun 23 2006 | 8:43pm ET
The $204 billion California Public Employees Retirement System has committed an additional $30 million to a venture capital fund aimed at helping grow businesses in the Central Valley. The plan first invested in the Central Valley Fund in October 2004 and now has $40 million allocated to the fund.
"The Central Valley is an emerging market of California," said Rob Feckner, president of CalPERS Board of Administration, in a statement. "It is an area that has enormous investment potential and a strong foundation of quality, diverse businesses." The Central Valley Fund targets businesses that are at least five-years-old, generate revenues between $5-50 million and have a strong market niche and management team.