CalSTRS committed $150 million each to the Canyon-Johnson Urban Fund II and Pyramid Hotel Opportunity Venture; $50 million to Southern California Smart Growth Fund; and $21 million to Riley Property Holdings.
Also, the $126.9 billion California State Teachers' Retirement System, Sacramento, made private equity commitments of $150 million to Spectrum Equity Investors V, a communications industry buyout fund; 15 million euros ($19 million) to CDR Ray Co-Investor, a co-investment vehicle formed by Clayton, Dubilier & Rice to participate in the purchase of a 75% stake in Rexel SA; and $20 million to invest alongside Welsh, Carson, Anderson & Stowe IX in its purchase of Select Medical Corp.
Separately, the fund purchased three apartment complexes and one office complex. The apartments are: Quail Oaks Apartments, Tampa, for $24.6 million; Hidden Creek Apartments, Lewisville, Texas, $20 million; and the Reserve at Clearwater Apartments, Clearwater, Fla., $24 million. CalSTRS also co-invested in three vacant buildings from Cisco for $25 million.
