What Makes the Yale Model of Investing So Successful?
The heavy focus on alternatives is just one piece of the picture.
Co-investments only make up around 5% of the CalSTRS private equity portfolio but additional investments may help build up the overall private equity program.
The more cautious approach to direct private equity investing at the second-largest US pension plan contrasts with a more aggressive approach by CalPERS, the biggest US plan.
System gains $3.9 billion to reach total assets of $29.3 billion.