CalSTRS is adding $250 million to its new and next generation private equity manager program, an emerging manager program, said Ricardo Duran, CalSTRS spokesman, in an email.
Funding is from the California State Teachers' Retirement System's 9% private equity target. The $202.1 billion West Sacramento-based retirement system has $16.7 billion invested in private equity.
The program commits capital to managers raising their first, second or third institutional fund. CalSTRS started the program in 2005.