US pension CalPERS commits $100m to BlueRun Ventures' third vehicle

US pension CalPERS commits $100m to BlueRun Ventures' third vehicle

Photo by Pepi Stojanovski on Unsplash

The California Public Employees’ Retirement System (CalPERS) has committed $100 million to Asia-focused venture capital firm BlueRun Ventures’ third vehicle, according to the US pension fund’s latest performance report.

The commitment to BRV Lotus Fund III was made in December 2021 and was part of CalPERS’ total investments worth $7.5 billion in H2 2021.

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