Pension Fund

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California State Teachers' Retirement System

CalSTRS is the California State Teachers' Retirement System and the largest educator-only pension fund in the world. It began in 1913 and provides retirement,...

California State Teachers' Retirement System logo

California State Teachers' Retirement System

CalSTRS is the California State Teachers' Retirement System and the largest educator-only pension fund in the world. It began in 1913 and provides retirement, disability, and survivor benefits for California's public school educators and their families. CalSTRS administers a hybrid retirement system that includes defined benefit, cash balance, and voluntary defined contribution plans.

General information

Firm type

Pension Fund

Year founded

1913

Location

Region

North America

Country

United States

City

West Sacramento

Corporate office

100 Waterfront Place, West Sacramento, CA, United States

Principals

Cassandra Lichnock

Chief Executive Officer

Scott Chan

Chief Investment Officer

Sector focus

Private EquityReal EstateInfrastructure

Frequently asked questions

Who runs investment decisions at CalSTRS?

Scott Chan serves as Chief Investment Officer. Cassandra Lichnock serves as Chief Executive Officer. Both roles are documented in the firm's relationship records.

Does CalSTRS participate in fund commitments or only direct deals?

CalSTRS commits to funds and executes co-investments. Confirmed holdings include commitments to Blackstone funds and KKR funds alongside direct joint ventures in real estate.

What asset classes does CalSTRS target?

The fund targets private equity at 15.41% current allocation, real estate through multiple joint ventures, and public equities with large positions in NVIDIA, Apple, and Microsoft.

Which geographies does CalSTRS invest in?

CalSTRS invests in North America and Asia. Portfolio holdings include U.S. real estate joint ventures and commitments to Blackstone Asia III.

How is CalSTRS related to CalPERS?

CalSTRS and CalPERS co-invest and co-host industry forums. The relationship is listed as a business partnership in the firm's records.

Does CalSTRS maintain ESG or climate commitments?

CalSTRS is a signatory to the Principles for Responsible Investment and a participant in Climate Action 100+. Kirsty Jenkinson serves on the board of Ceres.

What service providers support CalSTRS operations?

State Street Bank & Trust acts as master custodian. Meketa Investment Group has served as investment consultant since 2013. RCLCO Fund Advisors provides real estate consulting since 2023.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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