California State Teachers' Retirement System related stories
All articles and analysis
CalSTRS anticipates greater LP controlMargot Wirth, head of private equity for the $133bn pension, sees a shift away from total ‘blind trust arrangements’.
- CalSTRS joins ban on Stuy Town-style deals
The $138bn pension has joined its neighbour CalPERS in supporting legislation that would prevent the two funds from investing with real estate managers who try to convert rent-controlled apartments. CalSTRS staff will also consider possible penalties for GPs who abuse the ban.
- CalSTRS commits $36m to PCCP and Fortress
PCCP has raised $105m for its $125m follow-on offering to a Lehman Brothers’ mezzanine vehicle it acquired last December, while Fortress is targeting $325m for a follow-on to a 2007 Florida co-investment vehicle.
- CalSTRS CIO: PE isn't out of the woods yet
Recent vintages' ultimate performance will depend in part on their ability to refinance portfolio company debt, Chris Ailman recently told PEI.
- FEATURE: Shifting appetites
There have been a number of institutional portfolio changes over the last 12 months affecting the real estate allocation. Here is a selection of some of them, beginning with the most recent. PERE magazine December 2009-January 2010 issue
- CalSTRS private equity chief resigns
Réal Desrochers has ended his 11-year reign as the director of alternative investments at the US' second largest public pension, leaving veteran portfolio managers Margot Wirth and Seth Hall as interim co-directors. Desrochers did not disclose future professional plans in a farewell email sent to friends and colleagues.
- CalSTRS to focus on ‘top performers’
The US’ second largest public pension fund says it could cut the number of fund managers it works with as market conditions prompt it to review investment relationships. The pension says it will focus on those who ‘outperform in difficult markets.’
- CalSTRS hires first infra exec, readies ‘first deals’
Diloshini Seneviratne, a senior investment officer on CalSTRS' private equity team, will lead the $133bn pension's foray into infrastructure. CIO Chris Ailman told PEI the private equity 2-and-20 model doesn't make sense for infrastructure.
- Star players
We present a quick guide to the firms – and the private equity stars behind them – making waves in the Chinese private equity industry.
- Fortress asks LPs for money to pay down debt
The Wes Edens-led firm is approaching LPs in a 2007 $1.2bn co-investment fund for money to pay down debt in the portfolio.