CalPERS Commits To SAIF Partners

The California Public Employees’ Retirement System (CalPERS) has agreed to commit $120 million to SAIF Partners IV, a fund that will focus on growth equity opportunities buyouts in Greater China and India. It also will make opportunistic buyout and early-stage VC deals.

Hong Kong-based SAIF Partners was formed in 2001 by Japan’s Softbank, with Cisco as the sole limited partner.