Aug. 7 (Bloomberg) — Alfred Villalobos, an ex-California Public Employees' Retirement System board member who brokered a $3 billion investment to funds managed by Apollo Global Management LLC, was indicted on a new charge of conspiracy to commit bribery, U.S. prosecutors said.

Villalobos conspired with ex-Calpers Chief Executive Officer Federico Buenrostro, who pleaded guilty last month to steering $14 million in placement fees to Villalobos in exchange for cash bribes and gifts, according to a revised grand jury indictment filed today in federal court in San Francisco. Buenrostro has agreed to cooperate with the government's investigation.

Buenrostro gave Villalobos access to confidential information on Calpers investments and advised the board to make financial decisions that would benefit Villalobos and his clients, according to Buenrostro's plea agreement.