CalSTRS increases its target allocation to real estate

The US public pension's real estate target allocation has jumped to 15 percent.

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Institution: California State Teachers’ Retirement System
Headquarters: Sacramento, United States
AUM: $241.31bn
Allocation to alternatives: 24.86%
Bitesize: $100-200m

California State Teachers’ Retirement System has increased its target allocation to real estate from 13 percent to 15 percent, according to a board meeting document. The pension currently invests 13.37 percent of its total fund in real estate assets.

As illustrated in the charts below, the $241.31 billion Sacramento pension dedicates 24.86% of its investment portfolio to alternatives. CalSTRS manages a variety of assets both domestically and internationally.

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