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CalSTRS commits $5.50bn to private equity in Q1

The US public pension backed a diverse group of global private equity funds and co-investments.

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Institution: California State Teachers’ Retirement System
Headquarters: Sacramento, United States
AUM: $241.31bn
Allocation to alternatives: 24.86%
Bitesize: $100-200m

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.

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