The California Mezzanine Opportunity Program (the “Program”) provides mezzanine debt and structured equity to companies with a nexus to California that are seeking capital for ownership transitions and business expansions. As part of CalPERS’ commitment to investing in California, the Program seeks to provide flexible funding options and value-added assistance to help California companies reach their corporate goals. Investments are made across a broad range of sectors, including industrials, healthcare, financials, consumer discretionary, and information technology, among others.