CalSTRS allocates $5.7 billion in second half of 2020
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CalSTRS committed a total of $1.8 billion to real estate and $3.9 billion to private equity including co-investments in the six months ended Dec. 31, CalSTRS reported.
Between July 1 and Dec. 31, the $282.5 billion California State Teachers Retirement System, West Sacramento, commitments included an additional $650 million to an office joint venture with Beacon Capital Management known as BCal II JV . It also committed an additional $250 million to Fairfield AHF. In 2019, CalSTRS acquired a majority interest Fairfield Residential Co. LLC from Brookfield Asset Management. Brookfield retained its investment manager interest in Fairfield s real estate funds.
CalSTRS also committed $300 million to a residential developer