Calpers Backs Bill Limiting Disclosure Amid Private-Debt Push

I strongly oppose AB386. Read the full story here.

California’s $459 billion state pension fund is throwing its weight behind a bill that it says would help it compete as a lender in the market for private debt, where borrowers prize secrecy.

The California Public Employees’ Retirement System is supporting a measure in the state Legislature that would exempt information about potential borrowers from public disclosure.