CalPERS will consider making $470 million in commitments to alternative investment limited partnerships at its Monday investment committee meeting.
Staff of the $171 billion California Public Employees’ Retirement System, Sacramento, recommended investing $200 million in two Alta Partners biotech funds: $135 million to Alta California Partners III and $65 million to Alta Biopharma II. Also, CalPERS’ staff proposed committing a total of $105 million to two telecommunications-related funds: $40 million to CEA/Seaport Capital Partners II, which will make controlling and minority private equity investments primarily in media and telecommunications companies; and $65 million to M/C Venture Partners V, an early stage telecom fund.
CalPERS also will consider committing $40 million to Rosewood Venture Group IV, which will invest in private "new economy” firms; and $125 million to WCAS Capital Partners IX, investing selectively on health-care investments and also focusing on buyouts in information services and telecommunications services firms.
