CalPERS invests in Silver Lake
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From Times Staff and Wire Reports
The California Public Employees’ Retirement System, the largest U.S. public pension plan, agreed to buy 9.9% of Silver Lake Group, the biggest private-equity firm specializing in technology companies.
A CalPERS executive will join Silver Lake’s management advisory board. The price wasn’t disclosed. The stake is worth about $275 million, valuing Silver Lake at $2.75 billion, according to a New York Times report.
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