The California State Teachers Retirement System has chosen Invesco Private Capital to manage its CalSTRS New and Next Generation Manager Fund II, a $200 million private equity portfolio.
Invesco will build, manage and oversee CalSTRS second private equity fund of funds portfolio of new and next-generation manager partnership investments, defined as private equity professionals looking to raise their first, second or third institutional fund.
Invesco will invest $200 million on behalf of CalSTRS over a five-year period.