CalSTRS appoints INVESCO for new and next generation manager fund

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US - The California State Teachers' Retirement System has awarded a private equity fund-of-funds brief to INVESCO Private Capital to invest an initial US$100m over five years in new and next generation managers.

CalSTRS said INVESCO would “construct, manage and monitor a private equity fund-of-funds portfolio of new and next generation manager partnership investments”. The appointment follows the recent...

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