CalSTRS committed $100 million each to private equity firms Muller & Monroe Asset Management and BAML Capital Access Funds Management, spokesman Ricardo Duran wrote in an e-mail.
Mr. Duran said the Muller& Monroe commitment will be to the M2 Private Equity Fund of Funds II. He said it is the first time the pension fund has committed to a Muller & Monroe fund.
The BAML fund of funds is a separate account for CalSTRS. Mr. Duran said the $183.3 billion California State Teachers' Retirement System, West Sacramento, has committed $475 million total to three previous BAML funds since 2003.
Both fund of funds consist of underlying emerging managers. The latest commitments will expand to $1.9 billion the amount of money in CalSTRS' private equity proactive portfolio, aimed at funding small, niche emerging managers including those in underserved markets.