Former CalPERS officials benefit from fund's clean-tech investments

The Sacramento Bee reports:

When the former chief executive for CalPERS, Fred Buenrostro, moved the giant pension fund into the clean energy and technology sector three years ago, two of the businessmen who ultimately benefited were friends.

Al Villalobos, a former CalPERS board member who was so close to Buenrostro that he hosted his wedding, will pocket $432,800 in sales commissions for helping Enlink Geoenergy secure investment money from one of a half-dozen smaller clean energy technology funds backed by CalPERS.

Imagine that.