California State Teachers' Retirement System (CalSTRS), with headquarters in Sacramento, California maintains a large and active program.  The alternative investment program ("AI program") of CalSTRS is managed by an internal team of specialists supported by external consultants/advisors, organized around four distinct business lines.

BUSINESS LINES:

<1> Partnerships (Target Allocation 75%)

<2> Secondary Interests (Opportunistic Allocation)

<3> Co-Investments (Opportunistic Allocation)

<4> Credit Enhancement (Fee Based)