CalSTRS to launch RFP as part of search for private equity consultant

The Sacramento public pension looks to secure a contract before the end of the year.

Institution: California State Teachers’ Retirement System
Headquarters: Sacramento, United States
AUM: $254.08bn
Allocation to alternatives: 25.75%
Bitesize: $100-$200m

California State Teachers’ Retirement System plans to launch a request for proposal in an effort to expand its options for a private equity consultant. The pension is currently under contract with Meketa Investment Group, which expires in September 2020.

As illustrated in the charts below, CalSTRS devotes 25.75 percent of its full investment portfolio to alternative assets. The pension has a strong appetite for global private equity funds across diversified strategies and sectors.

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