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CalSTRS commits nearly $950m to private equity funds

27 Feb 2014

california2_sqThe California State Teachers Retirement System (CalSTRS) backed Carlyle’s latest flagship fund and several other private equity vehicles in the final quarter of 2013.

Carlyle Partners VI secured a $250m commitment from CalSTRS, while Energy Capital Partners III-A and Onex Partners IV received $200m each.

CalSTRS also committed $125m and $40m to CVC Capital Partners Asia Pacific IV and OrbiMed Private Investments V, respectively.

In addition, CalSTRS invested $55m in Asia Education Holdings Limited, €25m in BC Euro Cap – Hercules and $40m in KKR BRICKMAN Co-Invest fund.

Carlyle’s latest flagship fund held a final close of $13bn last November. AltAssets reported in July that Carlyle was set to break the $10bn target for its sixth major US buyout fund after raking in $9.4bn of commitments from LPs.

Earlier this month AltAssets reported that Onex Partners IV had secured commitments of $3.656 from 53 LPs.

The fund, which is targeting $4.5bn, had received $2.538bn from 28 investors as at early December.

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