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

California State Teachers’ Retirement System, Calstrs, Invesco Private Capital, private equity, pension fund
  • 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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