CA AB2823

Requires state agencies to disclose the cover page and signature block of proposed alternative investment agreements that were previously exempt from public disclosure.

Mandates disclosure of all provisions in alternative investment agreements governing the reclaiming of money or benefits under stated conditions, including recovery mechanisms and related defined terms.

Maintains existing exemptions from disclosure for due diligence materials, financial statements, meeting materials, portfolio positions, and capital call notices related to alternative investments.

Requires continued disclosure of specific alternative investment data including vehicle names, commitment amounts, cash contributions, distributions, returns, investment multiples, management fees, and profits on a fiscal year-end basis.