CalSTRS Commits $2.6B to Private Equity

The California State Teachers’ Retirement System (CalSTRS) Disclosed 23 recent commitments to private equity totaling $2.6 billion, according to meeting materials from their September Investment Board meeting.

$133 million was allocated to Summit Europe IV, $100 million to Institutional Venture Partners XVIII, $200 million to AlpInvest C. Fund II SSMA Extension, $50 million to Tiger Global PIP XVI, $150 million to Bain Capital Asia V, $217 million to Vitruvian Investment Partnership V, $350 million to Clayton, Dubilier & Rice XII, $300 million to TA XV, $164 million to The Eighth Cinven Fund, $200 million to Hellman & Friedman XI, $125 million to CVC Asia VI, and $250 million to Blackstone Capital Partners IX.

Additionally, 11 private equity co-investments were made totaling $448 million.

As of June 30, 2023 CalSTRS had $48.9 billion, approximately 15.6% of their holdings, allocated to private equity with their short/long-term target being 14%.

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