California Public Employees' Retirement System (Calpers), the $151bn (€166.6bn) US public pension fund, is set to invest $75m in Thailand Equity Fund, a newly established private equity vehicle.

The Thai fund is expected to reach $250m, an ambitious target for a first-time fund in an emerging market. It will start investing early next year.

Calpers invests $75m in Thai private equity fund

Pirkko Juntunen

Industrial Finance Corporation of Thailand

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