CalPERS commits to SAIF
Leading US LP the California Public Employees' Retirement System (CalPERS) has reportedly agreed to commit $120 million to SAIF Partners IV, the new fund being raised by SAIF Partners for growth capital and late-stage VC investments in China and India.
SAIF’s previous fund, SAIF Partners III, closed at $1.1 billion, and the new fund is apparently targeting a similar amount. AVCJ sources indicated that SAIF Partners IV is taking up much of global LPs’...
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