California State Teachers' Retirement System related stories
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Equistone to hold ‘one-and-done’ by early March – exclusiveThe firm is expected to raise €2.5bn to €3bn for the “highly oversubscribed” Equistone VI, which does not have a formal hard-cap, according to a source with knowledge of the fund.
Looking back: private equi-tweets in 2017Private Equity International rounds up some of the most notable private equity-related tweets of 2017.
Ardian to launch $8bn mature secondaries fund – exclusiveGeneration Mature Secondary FoF will target stakes in European and US private equity funds, PEI has learned.
Onex buys $354m stake in its own flagshipThe firm acquired the interest from an unnamed LP in Onex Partners IV in late September, chief financial officer Chris Govan said in a third-quarter earnings call.
- CalSTRS CIO: ‘Material risk’ strategy missing in ESG
Managers can integrate ESG more successfully into their investments if they prioritise business risks to their assets, says Christopher Ailman.
- CalSTRS PE return smashes benchmark
The asset class was second only to global public equity in terms of performance for the year ended 30 June.
- Castlelake closes fifth fund on $2.4bn – exclusive
The Minneapolis-headquartered distressed specialist hit its hard-cap after four months of fundraising.
- CalSTRS to revamp secondaries policy
The changes will enable the $209bn public pension to participate in restructurings and other complex secondaries transactions.
- Bain portfolio company files for bankruptcy
Bain bought children’s retailer Gymboree in 2010 out of its tenth vehicle, which as of 30 September recognised a 7.69% net IRR.
- CalSTRS moves to 'principles-based' ESG approach
The shift is part of a wider update to the way the pension approaches environmental, social and governance risks.