CalSTRS re-ups $250 mln with Invesco for emerging managers

California State Teachers’ Retirement System, Calstrs, Invesco Private Capital, private equity, pension fund
Nurses take care of newborn babies wearing chicken costumes to celebrate the Chinese New Year of Rooster at the nursery room of Paolo Chockchai 4 Hospital, in Bangkok, Thailand January 27, 2017. Photo courtesy REUTERS/Athit Perawongmetha - RTSXLE1
  • Previous New & Next Generation accounts’ IRRs less than 10 pct
  • Separate account will target firms raising Funds I-III
  • CalSTRS has 8.2 pct allocation to PE
California State Teachers’ Retirement System allocated $250 million to a separately managed account with Invesco Private Capital to direct commitments to new fund managers, spokesman Ricardo Duran told Buyouts in an email. The fund, New & Next Generation IV, will ...

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