CalSTRS allocates $250m to PE feeder program

California State Teachers’ Retirement System (CalSTRS) committed $250 million to HarbourVest Horizon Fund VI according to the pension fund’s diversity in the management of investments report.

The CalSTRS backed fund is part of private equity feeder strategy, in cooperation with HarbourVest Partners, that specialises in reaching US inner cities or underserved markets.

The $225 billion US public pension has an 8 percent target allocation to private equity that currently stands at 8.10 percent.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy, and fund investments.