CalSTRS commits to FountainVest, Bain Asia funds
The California State Teachers’ Retirement System (CalSTRS) committed $120 million to Asia-focused GPs during the final three quarters of 2012, according to a recent disclosure. The pension system also revealed that its private equity portfolio delivered a return of 13% on a one-year basis to September 2012 against a custom benchmark of 33.8%.
Bain Capital Asia Fund II, which closed in July 2012 at $2.3 billion, received $75 million from CalSTRS while FountainVest Partners II, a $1.35 billion vehicle that closed in November of last year, got...
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