---
title: CalSTRS Commits $1.2 Billion in New Commitments
description: CalSTRS Commits $1.2 Billion in New Commitments.
---

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# [CalSTRS Commits $1.2 Billion in New Commitments](https://dakotafunds.com/dakota-funds/fundraising-news/calstrs-commits-1.2-billion-in-new-commitments)

 Written by [John Washington, Data Research Analyst](https://dakotafunds.com/dakota-funds/author/john-washington-data-research-analyst) | March 08, 2023

The California State Teachers’ Retirement System has recently disclosed new investment made in the second half of 2022 totaling up to $1.2 billion.

In Private Equity, $50 million was split between two funds managed by Bessemer Ventures Partners; $30 million was committed to Bessemer Ventures Partners XII and $20 million was committed to Bessemer Ventures Partners Forge I. $125 million was committed to growth equity fund, Spectrum Equity-X. $150 million was committed to the buyout fund, Apax XI. $250 million was committed to Ardian Secondaries Fund IX. Lastly, $250 million was committed to CalSTRS/HarbourVest Lower Middle Market VII, a special mandate managed by HarbourVest..

Within Private Credit, $100 million was allocated to Ares Special Opportunities Fund II. $250 million was allocated to Blackstone Tactical Opportunities IV. 

As of December 31, 2022, the Retirement System allocates approximately 15.3% to private equity.

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