NEW YORK (Reuters) - The Calpers pension fund is taking a 10 percent stake in private equity firm Silver Lake, The Wall Street Journal reported on Wednesday, citing people familiar with the deal.
The report said the investment by the California Public Employees’ Retirement System, the largest U.S. public pension fund, will help Silver Lake expand globally. The deal is not expected to lead to an initial public offering by Silver Lake, it said, citing one of its sources.
Calpers and Silver Lake representatives were not immediately available for comment.
Reporting by Ritsuko Ando; Editing by Paul Bolding