$60M Committed to Renewable Energy Fund

The California Public Employees' Retirement System (CalPERS) committed $60 million to The Carlyle Group's Carlyle/Riverstone Renewable Energy Infrastructure Fund I. Decision was announced after CalPERS' investment committee meeting last week

The energy buyout fund has a target of $300 million and plans to invest between $20 million and $60 million in power generation companies that use renewable resources.