Corporate Moves
Consortium Including CalPERS, EQT, BlackRock’s GIP to Acquire Utility Company AES
The $33.4 billion deal for the power generation company would support its capital growth plans.
Notable among the pension giant’s outlays was a $1 billion investment in a fund managed by Khosla Ventures.
Renewable sources like wind and solar may not be enough. Pension plan investors weigh the odds.
Commitments primarily focused on real estate and infrastructure.