CalPERS forms $500M fund for underserved markets
CalPERS, the large California public pension fund, has formed a $500 million private equity fund to support underserved rural and urban markets, primarily in California, PE Week reports.
Approximately half of the capital will be earmarked for California-based private equity funds, while the other half will be used for direct investments. Hamilton Lane has been chosen to manage the fund, out of its new San Francisco office.
Next Story: Check out the Nasdaq — steady she goes
Previous Story: Online health insurance co., eHealth, goes public
