CalPERS to buy into Sports Capital Partners

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The California Public Employees Retirement System (CalPERS), the world's largest pension fund, is considering a $122m package to buy Chase's stake in Sports Capital Partners (SCP), a venture which invests in sports and entertainment businesses.

According to an internal report obtained by International Pensions News, the $170bn pension fund will pay Chase $22m for it's $37.5m stake, subject to approval by CalPERS' board members on February...

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