CalSTRS committed $225 million to Pacific Coast Capital Partners' California Smart Growth Fund IV, an opportunistic commingled fund investing in urban in-fill areas. The $135 billion California State Teachers' Retirement System, Sacramento, also committed $14 million to a co-investment with Southern California Smart Growth Fund I in a retail development in Anaheim, Calif.; $100 million to Stockbridge Real Estate Fund II, which will invest in mixed-use projects targeting major cities on the West and East coasts; and $100 million each to Lehman Brothers Real Estate Partners II and Lehman Brothers Real Estate Mezzanine Partners.
CalSTRS also committed $300 million to GI Partners Fund II, an opportunity fund that combines real estate and private equity investing in the United States and Europe, and $100 million to Macquarie Global Properties Advisors' MGP Europe Fund II. It also committed $50 million to a joint venture with CB Richard Ellis Strategic Partners Europe Fund II that will acquire office, retail, residential and industrial assets in Western Europe.
In private equity, CalSTRS committed $250 million to Apollo Investment Fund VI, a buyout fund; $150 million to Vestar Capital Partners V, a buyout fund; and $50 million to OCM Opportunities VI, a distressed debt fund.
In co-investments, the fund committed up to $25 million to MetroPCS Communications Inc., a wireless service operator, alongside Madison Dearborn Capital Partners IV; $2.9 million to Force10 Networks Inc., a maker of switch/routers for fiber-optic communications; and €16 million ($19 million) to Grupo Corporativo Ono SA, a Spanish cable provider, alongside Providence Equity Partners V, Quadrangle Capital Partners II and Thomas H. Lee Equity Fund V.
