CalPERS - Sacramento's Sugar Daddy

Davis, Ca based Central Valley Fund received a nice shot in the arm from Sacramento based CalPERS, the nations largest pension fund with over $200 billion in assets.

The Central Valley Fund will receive an additional $30 million from the California Public Employees' Retirement System, the state public pension fund said Monday.

The Central Valley Fund is a venture capital fund that targets traditional manufacturing or agricultural companies, rather than technology or start-ups. - Mark Anderson, Sacramento Business Journal

Although CVF does not fund startups or technology companies the message is clear. CalPERS is ready to invest in central valley ventures.