Institution: California State Teachers’ Retirement System
Headquarters: Sacramento, United States
Allocation to alternatives: 24.86%
California State Teachers’ Retirement System committed $5.50 billion to several private equity funds and unnamed co-investments during the first quarter of 2019. The most recent commitments includes $280 million to TA XIII, $750 million to Blackstone Capital Partners VIII and $500 million to Permira VII.
The $241.31 billion US public pension has a nine percent target allocation to private equity that currently stands at 9.04 percent.
As illustrated in the charts below, CalSTRS allocates 24.86 percent to alternative assets. The pension has a strong appetite for global funds that invest across multiple sectors.
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