California State Teachers’ Retirement System (CalSTRS) is planning to scale up its exposure to private equity in Asia-Pacific region.
Christopher Ailman, CalSTRS’ chief investment officer, expressed that the pension fund aims to double or triple the allocation in the coming three to five years to capture the opportunities in the region, including China.
Currently, the pension fund manages approximately $224.8 billion of total assets among which $18 billion has been allocated to private equity and less than $2 billion invested in Asia.
Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.
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