Tech investment portfolios suffer write-downs amid global economic slowdown

TechCrunch
By Manish SinghJun 1, 2023, 1:54 pm152 pts
Some high-profile venture capital and private equity firms are slashing the valuation of their holdings, causing billions in apparent profits to evaporate as the economic downturn undermines the sustained growth of the last 13 years. The California Pension System, the largest pension system in the U.S. whose…

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