CalSTRS

Largest venture holdings

From its report as of June 30, 2025.

In the app: 39 more venture funds. Open CalSTRS in LP Intelligence for every fund it holds and how to reach it, or find the LPs that back firms like yours.

How it invests

Long-term capital: it backs its managers again at least as often as the median LP that reports fund by fund, and stays with them longer. It backed 80% of its managers again when they raised a later fund (128 chances), and stays with a manager 6.8 years on average.

From its own report and published commitments. How it invests in LP Intelligence: whether it kept committing through 2022–23, how much goes to managers on Fund I–III, and what it committed to lately.

Recent commitments

The latest 12 of 23 commitments from the last 24 months to private equity and venture funds, as CalSTRS published them. Dates are the month only: the plan gives no day. Amounts are commitments as the plan reports them. What this plan publishes · every plan’s recent commitments.

LPs nearby

Within 100 miles, by city: a trip to one can take in the others.

• CalPERS Public pension plan · Sacramento · 4 miles
• Kelly Foundation Private foundation · Sacramento · 4 miles
• Contra Costa County Employees' Retirement Association (CCCERA) Public pension plan · Concord · 47 miles
• The David & Janyce Hoyt Family Foundation Private foundation · Alamo · 55 miles
• Travers Family Foundation Private foundation · Lafayette · 55 miles
• T Gary and Kathleen Rogers Private Family Foundation Private foundation · Lafayette · 55 miles
• Simpson PSB Fund Private foundation · Orinda · 57 miles
• General Service Foundation Private foundation · San Ramon · 58 miles

106 LPs within 100 miles in all: see them on the map.

How to submit

Emerging-manager program: Private Equity Emerging Manager Program, run by Sapphire Partners (CalSTRS New and Next Generation Manager Fund); HarbourVest Partners (Lower Middle Market program); Muller & Monroe Asset Management. It considers First, second, or third institutional fund.

In its words: “To qualify as a private equity emerging manager a firm must be a legally structured entity, have a private placement memorandum in place, be raising a first, second or third institutional fund, and not exceed certain fund size limits; CalSTRS defines a private equity emerging manager as one with AUM of $1.5 billion or less. Its private equity emerging manager investments are made largely through separately managed accounts run by fund-of-funds managers.”

Read from its own pages on October 19, 2026: calstrs.com/diversity-in-the-management-of-investments, calstrs.com/files/45fdc0353/DiversityInTheManagementOfInv…. Programs change; its site is the record.