CalSTRS Sees Co-Investing Accounting for a Third of PE Deal Flow in Two to Three Years
Effort to do more such deals is driven by a desire to
reduce costs by $300 million annually.
Christopher Ailman
CalSTRS Takes Initial Step Toward Achieving Net Zero
Pension
fund gets OK to shift 20% of public equities to low-carbon index and to adopt a
net zero investment decision process.
CalSTRS Seeking Individuals to Oversee Private & Public Market Activities
System
posts listings for two new roles; individuals would report to Deputy CIO Scott
Chan.
CalSTRS and CalPERS Look to Significantly Increase Co-Investing; Other Public Pension Funds See Potential in Strategy
Potential
to reduce fees paid to PE managers and generate strong returns spurs
institutional investors to find ways to collaborate with firm managers.
CalSTRS Lays Out Plan for Cutting Investment Costs
Pension plan sees private
equity co-investing as key component but needs the right people to execute.
CalSTRS Expects to Report Negative Results for 2021-22 Fiscal Year
System’s CIO believes most of its peers will
also have negative results.