Technology News
CalPERS Allocates $500 M to Under-Served Areas of Calif
Monday, October 23, 2006 9:30:00 AM PDT | VentureDeal Staff
SACRAMENTO, CA --
CalPERS, the nation's largest public pension fund has decided to focus up to $500 million in California's rural and urban areas that are under-served by existing investors.
The funds will be evenly divided between directly investing in companies and investing in California-based venture investment firms with a mandate to focus on traditionally under-served market areas.
Investment manager Hamilton Lane Company in San Francisco won the contract to handle the funds in a competitive bidding process that included 18 other investment firms.
Hamilton Lane manages over $50 Billion from institutional investors throughout the US, Asia and Europe.
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