CalPERS

“CalPERS — a pension fund with fiduciary obligations to California public employees — is a "major new investor" in Commonwealth Fusion Systems, a pre-revenue nuclear fusion company. This represents a meaningful shift in what institutional capital considers an acceptable risk profile.”

“Commonwealth Fusion Systems, a Devens, Mass.-based nuclear fusion startup, last week announced $1 billion in new funding without identifying any investors. Multiple sources tell me that CalPERS is a major new investor in the company.”

“CalPERS promoted Anton Orlich to deputy CIO of private markets.”