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Including affiliates, the Asset Management business has capital commitments and managed assets of over $8.2 billion.
Blackstone's most recent buyout fund closed in January with $16 billion in capital commitments.
Additionally, management fees charged by general partners are typically based on the volume of capital commitments.
The bulk of ChevronTexaco's capital commitments consists of exploration and development expenditures.
Of course, Intel and Pfizer are not the only companies that have large capital commitments.
Some funds, such as Bain Capital and TPG Capital, have allowed investors to recall some of their capital commitments.
Over the past year, however, U.S. venture capital commitments to Berlin firms have roughly tripled, Mr. Whitmire at Earlybird estimated.
Businesses have been reluctant to make new capital commitments without being sure that the economy would continue to grow.
Calpers can hope that equity markets will rebound before it is asked to follow its capital commitments.
Increasingly, they want to escape the heavy capital commitments they made at the height of the technology investing frenzy.
"A lot of designers like the technology because they can try out new ideas without making large capital commitments".
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