CalPERS staff is recommending private equity investments of up to $200 million over the next few years in environmental or clean technologies. Staff of the $167 billion California Public Employees' Retirement System, Sacramento, is also recommending that the board create a CalPERS Environmental Technology Program, with a pool of investment opportunities diversified by sector, geography, stage and structure. The CalPERS investment committee is expected to make a decision March 15.
Separately, Credit Suisse First Boston won its bid for exclusive rights to lend $50 billion in equity assets borrowed from the system, as part of CalPERS' securities lending program.
