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AltAssets is the private equity news and research service from Almeida Capital
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PRINT THIS PAGE CalSTRS awards $200m mandate to Invesco19/03/2008. Source: AltAssets. 
The California State Teachers' Retirement System has announced that Invesco Private Capital will manage its second private equity fund of funds portfolio of new and next generation manager partnership investments. CalSTRS's New and Next Generation Manager Fund II is a $200m private equity portfolio. Invesco will consider funds focused on buy-outs, venture capital and other private equity opportunities across a spectrum of stages and industry sectors.
CalSTRS defines new and next-generation managers as private equity teams raising their first, second or third institutional fund.
Christopher J Ailman, CIO, CalSTRS, said, 'Invesco will extend our reach, giving new and emerging private equity firms direct access to CalSTRS capital.'
With a $167bn portfolio, CalSTRS is the second-largest public pension fund in the US. It administers retirement, disability and survivor benefits for California's 813,000 public school educators and their families.
Invesco has offices in San Francisco, New York, Boston and London.
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