CalPERS Commits $30M To V.C.

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. 


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note