CalSTRS rehires Cambridge Associates as a private equity consultant for North and South America and Asia and Altius Associates as a private equity consultant for Europe, according to a posting on the pension fund's website.
The $183.3 billion California State Teachers' Retirement System, West Sacramento, conducted the search because the contracts of incumbents Altius and Cambridge expire on May 30.
As of Dec. 31, CalSTRS' private equity program consisted of 266 partnership investments and 44 co-investments with an aggregate value of $21.9 billion, and $7.7 billion in unfunded commitments. About 75% of the portfolio is based in North America, with 20% in Europe, the Middle East and Africa, and 5% in Asia-Pacific/Australia.
The RFP was issued March 6 and included searches for private equity consultants for each of the pension fund's three global regions: EMEA; the Americas; and Asia-Pacific/Australia. Further information on the hires was not provided.
CalSTRS spokesman Ricardo Duran could not provide additional information by press time.