Clean Tech Fund Lands $40M Committment From CalPERS

Los Angeles-based Paladin Private Equity Partners said today that it has scored a $40M committment from the California Public Employee' Retirement Systems (CalPERS) for its new, California clean technology fund. CalPERS will be the lead investors in the new fund, which will target small and mid-cap companies that develop, manufacture, own, and promote clean environmental technologies. The fund is targeting to raise $200M in committments for its fund. The fund also said that it will also look to the developent of growth of companies in urban areas in need of economic development and job creation. More information »