CalSTRS makes private equity hires

CalSTRS committed €375 million ($495 million) to CVC European Equity Partners Tandem Fund, according to the fund's website. In other private equity moves, the $157.9 billion California State Teachers' Retirement System, Sacramento, also committed: $300 million to the KKR 2006 Fund; $220 million to Energy Capital Partners I; $200 million to a fund of funds run by CalSTRS and Bank of America Capital that will invest in underserved urban and rural areas; $200 million to Hellman & Friedman Capital Partners VI; $150 million to Affinity Asia Pacific Fund III; up to £45 million ($87 million) to Alchemy Special Opportunities Fund; €30 million to AtriA Private Equity Fund III; $35 million to Bain Capital Hercules Investors; and $30 million each to Paladin Private Equity Investors I and Sofinnova Venture Partners VII.