CalSTRS hires AlpInvest as co-investment adviser to expand program’s reach

  • Assets under management: $223.8 bln
  • PE allocation: $18.2 bln/8.1 pct
  • PE target allocation: 13 pct
  • Co-investment portfolio: $1.3 bln
  • External PE managers: 122
  • Why this is important: CalSTRS has made significant changes to its co-investment program to give staff more authority
California State Teachers’ Retirement System hired AlpInvest Partners as its co-investment adviser to reach the smaller end of the private equity spectrum and extend its global reach, said Seth Hall and Robert Ross, portfolio managers in PE at CalSTRS. Co-investments make ...

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