Chevron and smaller companies bet that animal fats, trash and sugar, among other offbeat things, will power airplanes.
Five commitments in total were approved to AUA Private Equity Partners, Inflexion, Sterling Group and H.I.G Capital Partners.
The pensions board approved $3.5 billion in total commitments, and saw its assets grow to $104.2 billion.
The state’s sovereign wealth fund also reported a $1.5 billion increase in asset value during 2024’s first quarter.