Link: https://www.ai-cio.com/news/calstrs-aims-new-2-billion-sustainable-portfolio/
Excerpt:
The California State Teachers’ Retirement System (CalSTRS) plans to build a private markets sustainable investment portfolio to go greener while aiming to maintain its investment returns.
The investment committee of the $282.5 billion pension system, the largest teachers’ retirement fund in the world, is expected to approve the new portfolio at its meetings next week.
The pension system’s plan calls for investments of $1 billion to $2 billion in the next couple of years—much of it in real estate affordable housing investments, as well as in private equity and infrastructure—according to CalSTRS investment committee material.
Author(s): Randy Diamond
Publication Date: 24 February 2021
Publication Site: ai-CIO