Tuesday, 1 September 2015
Last updated 54 min ago
Mar 21 2008 | 11:27am ET
The $166.5 billion California State Teachers’ Retirement System has awarded Invesco Private Capital a $200 million mandate to help manage its New and Next Generation Manager Fund II, a private equity fund of funds.
CalSTRS defines new and next generation managers as those raising their first, second or third institutional funds. Invesco will invest the fund over a five-year period, in buyouts, venture capital and other p.e. funds across a spectrum of stages and industry sectors.
“We have worked with the Invesco Private Capital team during the past three years, and I have worked with general partner Mary Kelley specifically for more than eight years.” said Christopher Ailman, CalSTRS’ chief investment officer. “Invesco will extend our reach and give new and emerging private equity firms direct access to CalSTRS capital.”
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…