CalPERS staff invested or committed $475 million for two investment strategies, according to the agenda for the investment committee's Monday meeting.
The $354.8 billion California Public Employees' Retirement System, Sacramento, invested $300 million with Federated Investors in a LIBOR-based short-duration bond strategy. This is a new manager and a new strategy for CalPERS, spokeswoman Megan White said in an email.
CalPERS also committed $175 million to Technology Crossover Ventures X, a private equity fund that focuses on technology firms. TCV is also a new relationship for CalPERS.