California State Teachers' Retirement System related stories
All articles and analysis
TPG to raise up to $5bn for Asia fundThe global firm is plotting its sixth Asian fund, which could be the largest fund raised for the region since the financial crisis.
- California passes pension conflict rules
Board members and executive staff of California’s two largest pension systems now face tough restrictions on their post-pension employment.
- Private equity surges at US pensions
Private equity returns for FY 2011 at some of the largest pensions in the US have contributed to record high overall performance figures.
- CalPERS seeks emerging manager partnerships
The $239bn pension system has put out a ‘request for information’ for a manager to run an investment vehicle targeting emerging private equity managers.
- Carlyle, Energy Capital talks end without agreement
Carlyle had reportedly been in talks to acquire the New Jersey-based energy-focused firm, which closed on its $4.3bn second fund in 2010.
- CalSTRS to expand co-investments, separate accounts
The $154bn pension system will review a private equity business plan next week that shows a focus on reducing costs by creating separate accounts and expanding the co-investment programme.
- CalSTRS issues letter of support to CalPERS
As California’s Fair Political Practices Commission investigates 49 CalPERS investment staff for gift reporting, CalSTRS investment officials say they ‘stand by and support’ their counterparts.
- CalPERS hires former CalSTRS private equity head
Réal Désrochers has left a CIO post for a Saudi-backed investment arm to head CalPERS' private equity programme, which has recently been the subject of state ethics probes.
- CalSTRS co-invests in KKR energy deal
The pension has contributed $40m to Kohlberg Kravis Roberts’ joint venture with El Paso, which is investing in opportunities in oil and gas properties in the US.
- CalSTRS reviews cost of external managers
The $150bn pension will consider more opportunities for internal management of investment assets as it looks for ways to cut costs.