California State Teachers' Retirement System

A trustees' report found private equity was the most expensive portfolio at the California State Teachers' Retirement System, with a cost of 151 basis points per dollar invested in 2022.

Santa Monica, Calif.-based consulting/financial services firm Wilshire is adding hedge funds to its alternative investment offering with the purchase of Lyxor Asset Management from its parent European asset manager, Amundi.

Institutional investors continue to pour billions into private markets, with AW Research tracking over 100 allocations in September, including billions of dollars from the largest pension funds in the U.S., CalPERS and CalSTRS.

Public pension systems are increasingly engaging in co-investment alongside GPs as allocators seek not only advantageous investment terms but new sources of private market alpha.

The California State Teachers Retirement System in Sacramento allocated approximately $2.7 billion across 12 private equity funds and 11 co-investments/follow-ons in the first half of 2023. Here's the detailed breakdown.

Tom Chi raised $375 million for his firm At One Ventures' second fund to back early-stage startups with disruptive technologies to address climate change.

The $321 billion California State Teachers' Retirement System (CalSTRS) joined forces with Sapphire Partners to invest into emerging managers focused on early-stage venture capital.

The $321 billion California State Teachers’ Retirement System (CalSTRS) has promoted Julie Donegan to the position of real estate investment director.

The world’s largest investors remained active with over $18 billion in commitments to alternative investment strategies in March, according to AW Research.

CalSTRS maintained a consistent private equity investment pace and placed $1.7 billion across both funds and co-investments in the last six months of 2022.