The CalPERS Clean Energy and Technology Fund is dedicated to investing across the spectrum of the global clean energy and technology value chain. The fund is managed by a dedicated CleanTech investment team within Capital Dynamics, based in Menlo Park, California.

CalPERS Clean Energy and Technology Fund
Capital Dynamics
2250 Sand Hill Road
Menlo Park, CA  94025
(650) 388-7000

The table shows fund performance information for CalPERS Clean Energy and Technology Fund as of June 30, 2024.

Fund	Vintage Year	Capital Committed	Cash In	Cash Out	Cash Out & Remaining Value	Net IRR	Investment Multiple
Fund	Vintage Year	Capital Committed	Cash In	Cash Out	Cash Out & Remaining Value	Net IRR	Investment Multiple
CalCEF Clean Energy Angel Fund I, L.P.	2008	$1,328,571	$1,341,859	$295,769	$295,769	-44.6%	0.2x
Hudson Clean Energy Partners, L.P.	2008	$39,658,849	$46,499,271	$15,751,048	$15,751,048	-23.9%	0.3x

1. Not Meaningful: Funds with a vintage year of 2020 or later are in the initial stages of their investment life cycle. Any performance analysis done on these funds would not generate meaningful results as private equity funds are understood to be long-term investments.
2. Partnership investment is using a cash adjusted market value.