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Private Equity Shakeup: What CalPERS Means for Venture Investors

Private Equity Shakeup: What CalPERS Means for Venture Investors

I’ll just come right out and say it: We saw this coming.

Carter Williams's avatar
Carter Williams
Dec 19, 2016
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Creative Destruction
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Private Equity Shakeup: What CalPERS Means for Venture Investors
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I’ll just come right out and say it: We saw this coming.

CalPERS last month announced that it was exploring changes to its private equity program, including the removal of general partners and making private equity investments directly. As a $300 billion pension fund — among the 10 largest in the world — a move like this by CalPERS, the California Public…

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