The eleventh annual report examining CalPERS’ California Initiative, a $1 billion private equity, economically targeted investment (ETI). The California Initiative seeks to invest in companies located in traditionally underserved markets, primarily, but not exclusively, located in California.
The California Initiative’s primary objective is to generate attractive financial returns, meeting or exceeding private equity benchmarks. As an ancillary benefit, the California Initiative was designed to focus investment in California’s underserved markets and invest in portfolio companies that:
- Have historically had limited access to institutional equity capital
- Employ workers who reside in economically disadvantaged areas
- Provide employment opportunities to women and minority entrepreneurs and managers
Loading…
Reload document 
Open in new tab