California Public Records Act: public investment funds.
May 14 hearing: Held in committee and under submission.
Summary
The bill amends the California Public Records Act to require public investment funds—such as pensions, endowments, public banks and the state venture capital program—to release information about their alternative‑investment holdings, including manager names, commitment amounts, returns and a performance comparison to public market indexes. It still protects certain proprietary due‑diligence materials and other confidential records. The rule applies to state and local agencies that hold these records and does not create new spending obligations for local governments.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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