California State Teachers’ Retirement System, West Sacramento, committed $75 million to Littlejohn Fund V, a buyout fund run by private equity firm Littlejohn & Co., said spokesman Ricardo Duran.
The fund will focus on controlling equity investments in underperforming middle-market companies and minority control investments.
It is the $187.1 billion pension fund’s first commitment to a Littlejohn fund, Mr. Duran said in an e-mail.
