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5 hours agoAndreessen Horowitz is adding major California pension funds to its LP base for the first time, records show | Fortune
Andreessen Horowitz, which over its 14-year history has never raised capital from the major California pension funds, is changing its tune this year. The firm, also known as a16z, has raised $400 million from CalPERS for a new fund called California Innovation Opportunities, Fortune found in public records. The firm is also currently pursuing investments from CalSTRS, according to lobbying records.
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