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Former CalPERS board member helped steer $1.4 billion to equity firms
CalPERS has invested more than $1.4 billion with private equity firms that hired a former CalPERS board member to represent them.
These pensions are guaranteed by California taxpayer dollars. Currently five of the seven investments are losing money. No charges have been filed. Still, this isn’t as bad as the land development deal they did that lost more than 100% of the investment.
