Justin Mitchell
Denali Growth Partners will focus on healthcare and technology companies.
The $286bn pension will source private equity co-investments through its already-existing program.
The $445bn pension's commitments to the lower-fee structures significantly dwarfed its fund commitments in its latest investment report.
The latest Aberdeen vehicle will target lower mid-market turnaround, value buyout and growth capital funds.
The fund hits the market amid a windfall for tech fundraising, as the sector has seen positive headwinds during the covid crisis.
The firm has drawn headlines for its high-profile acquisition of pop star Taylor Swift's master tapes last year.
CalSTRS has been growing its co-investment program steadily for several years as part of its system-wide 'Collaborative Model.'
The $82bn fund's CIO said Albourne will help with operational due diligence and expanded strategy options.
The $87bn pension fund plans to commit as much as $2.7bn to the asset class this year.
The fund is targeting $4.25bn for investments in technology, healthcare and financial services companies.
If you do not receive this within five minutes, please try and sign in again. If the problem persists, please
email: