CalPERS closes Israeli VC

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US - A new investment threshold set by the California Public Employees' Retirement System (CalPERS) has reportedly stopped the fund from directly investing in Israeli venture capital portfolios.

CalPERS has invested US$130m since 1998 including $70m through Grove Street Advisors and $60m directly in Israeli venture capital, according to reports. The $243.8bn fund is believed to have inv...

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