California State Teachers' Retirement System related stories
All articles and analysis
Side Letter: CVC's continuation fundCVC is running a process to extend its ownership of a prized asset. Plus: EQT has closed Fund X north of its target; and Latin American private markets are heating up. Here's today's brief, for our valued subscribers only.
Diverse teams mean fresh perspectives, says CalSTRS' AilmanDiverse backgrounds can help avoid 'groupthink' among fund managers, says the Californian pension system's outgoing CIO.
CalSTRS’ Ailman: Titan of PE asset allocation leaves enviable legacyChristopher Ailman, one of the longest serving public CIOs in the US, has been instrumental in growing the pension’s private markets portfolio and continues to shine a light on sustainability and ESG.
CalSTRS proposes a widening of asset allocation rangesThe Sacramento-based public pension fund is considering more inbuilt flexibility to their asset allocation.
LPs aren’t loving the ‘synthetic’ distribution boomA Capstone survey has found that more than half of LPs consider NAV financing and preferred equity a ‘poor’ way to generate liquidity.
Side Letter: Tips for secondaries successThinking of launching a secondaries process in 2024? Here's what the chair of HarbourVest’s secondaries investment committee says you need to know. Plus: a checklist for a successful co-investment programme, courtesy of Meketa; and what private markets sustainability leaders are prioritising in the year ahead. Here's today's brief, for our valued subscribers only.
Side Letter: What's to comeA look at the analysis set to hit your inboxes in January. Plus: carried interest is becoming more democratic and China's regulator has proposed raising the minimum threshold for private equity fund commitments. Here's today's brief, for our valued subscribers only.
Side Letter: PE's three risk zonesThe SEC's former private funds unit co-head has highlighted three main risk areas firms should consider when cash gets tighter. Plus: Why private equity firms can use AI both for offence and defence. Here's today's brief, for our valued subscribers only.
Side Letter: LPs seek NAV transparencyLPs are seeking to better understand how and when NAV facilities will be used by GPs. Plus: an update on Blackstone's flagship fundraise; and two Morgan Stanley alumni have joined GP stakes firm Azimut. Here's today's brief, for our valued subscribers only.
Side Letter: Carlyle's fundraising shortfallCarlyle's latest flagship has fallen well short of its target. Plus: why secondaries are taking off in China; and the NAV lending space gets another entrant. Here's today's brief, for our valued subscribers only.