4 ms·
CalPERs only allocates ~1% to VC (still billions). VC is actually a pretty soft risk in the big picture of their private allocations: https://www.calpers.ca.go
by sharkweek 12y ago
CalPERs only allocates ~1% to VC (still billions). VC is actually a pretty soft risk in the big picture of their private allocations:
https://www.calpers.ca.gov/eip-docs/investments/policies/inv-asset-classes/pe/pe-prog.pdf https://www.calpers.ca.gov/eip-docs/investments/policies/inv...
- dogma1138 12y agoIt's their target not sure if those are actually the figures because in 2014 they were to scale from 7 to 1% in 5 years. There's info on that in the article. It was also not because of risk but because of low returns. Besides public funds you also have corporate and private funds which also risk a huge portion of their money in risky capital not only VC.