US - The California State Teachers' Retirement System is allocating an additional US$100m to inner-city and rural markets through the Banc of America Merrill Lynch Capital Access Fund.
CalSTRS can increase the commitment to $200m within four years, the pension fund said. CalSTRS chief investment officer Christopher Ailman said: "This fund extends new capital into traditionall...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date