US pension major CalPERS commits $282m to Sequoia China's four funds

US pension major CalPERS commits $282m to Sequoia China's four funds

Calpers headquarters in Sacramento, California.

The California Public Employees’ Retirement System (CalPERS), the largest pension fund in the US, has committed $282 million in total to Sequoia Capital China’s four new China venture capital funds, according to a disclosure.

Separately, the US pension fund also made an additional $1.26 billion commitment to Golden Reef Infrastructure Trust, a fund managed by QIC, one of Australia’s largest investment managers.

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