Asset Owner Directory

California State Teachers Retirement System (CalSTRS)

The California State Teachers’ Retirement System was established by law in 1913 to provide retirement benefits to California’s public-school educators from prekindergarten through community college. Today, CalSTRS is the largest educator-only pension fund in the world, and the second largest pension fund in the U.S.


United States



Performance (%, 1YR)


Chief Executive

Cassandra Lichnock

Chief Investment Officer

Chris Ailman


Harry M. Keiley

Asset allocation
The key goal of the asset allocation process is to develop an asset allocation policy that maximizes the likelihood that an investment portfolio’s assets will, over the planning horizon, fund plan benefits.

40.3% Public Equity

16.2% Real Estate

15.5% Private Equity

10.1% Fixed Income

8.8% Risk Mitigating Strategies

6.1% Inflation Sensitive

1.5% Cash

8.8% Innovative Strategies & Strategic Overlay related articles
FIS Stanford 2023

The future of portfolio construction

Evolving portfolio construction techniques that include more attention to liquidity management, diversification and resilience are needed in a macro environment that has more complexity and volatility delegates at the Fiduciary Investors Symposium at Stanford University heard. Investors from CalSTRS, CPP Investments and MFS share their approach.

CalSTRS positions to take advantage of energy transition

CalSTRS has recognised the unique opportunity presented by the energy transition needs a unique response and its Sustainable Investment and Stewardship Strategies (SISS) portfolio has been specifically positioned to invest in opportunities that fall between private equity and infrastructure asset class buckets.
Asset Owner Directory