CalSTRS made $675 million in private equity commitments and $800 million in real estate commitments in the three-month period ended June 30, said activity reports filed in connection with the $186.6 billion pension fund’s upcoming Sept. 5 board meeting.
In private equity, the California State Teachers’ Retirement System, West Sacramento, committed to the following funds: $105 million to Spectrum Equity VII; $100 million to The Resolute Fund III, managed by The Jordan Co.; $75 million each to Thoma Bravo Fund XI and SSG Capital Partners III, managed by SSG Capital Management; $60 million to Encap Flatrock Mainstream Fund III; $50 million to GGV Capital V; $38 million to Butler Group Holdings; $25 million to Shasta Ventures IV; and $14 million to BlueRun Ventures V.
CalSTRS also made several private equity co-investments. It committed $35 million to HgCapital Gabriel Co-Invest; $30 million to PEP Fluid Co-Invest managed by Palladium Equity Partners; $45 million to ECP III; and $23 million to Capital Partners III.
In opportunistic real estate, the pension fund made an additional commitment of $50 million to the Brookfield Fairfield U.S. Multifamily Value Add Fund II. The pension fund already had invested $50 million in the fund.
It also made an additional commitment of $100 million to the Kildare European Partners I. CalSTRS already has $100 million invested in the fund managed by Kildare Partners.
Another $50 million additional commitment was made to ResCal, a real estate fund in which CalSTRS had already invested $200 million.
CalSTRS also committed an additional $200 million in the CBRE Strategic Partners U.S. Value 7, managed by CBRE Global Investors.
In core real estate investments, CalSTRS committed $200 million to Jamestown Premier Property Fund, and $200 million to PCCP Credit IV fund.