For Calpers, venture capital turns worst-performing asset among PE investments Calpers headquarters is seen in Sacramento, California, in this October 21, 2009 file photo. REUTERS/Max Whittaker Lizette Chapman August 11, 2016 PremiumVenture capital was the worst performer for the California Public Employees’ Retirement System among its private-equity investments. Continue reading this story with a subscription to DealStreetAsia. Subscribe Already a subscriber? Log in Should your colleagues be reading this article too? Contact us for corporate subscriptions at firstname.lastname@example.org.