CalSTRS committed an inaugural $1.3 billion into a dedicated low-carbon strategies private assets portfolio managed by its sustainable investment and stewardship strategies team as of June 30, the $327 billion pension fund reported in its latest sustainability report.
During fiscal year 2023, the California State Teachers' Retirement System, West Sacramento, made commitments to strategies in each of its three areas of interest for the low-carbon private assets portfolio: opportunistic climate infrastructure investments targeting 10% to 15% internal rate of returns, hybrid/innovative climate investments targeting 15 to 20% and venture capital and growth equity targeting more than 20% IRRs.
