US pension fund CalSTRS commits $325m to vehicles of PAG, Greystar

Los Angeles, California. Photo: Olenka Kotyk/Unsplash

California State Teachers’ Retirement System (CalSTRS), one of the largest US pension funds, has committed a total of $325 million to Asia-focused real estate funds managed by PAG and Greystar.

In its 2022 semi-annual report, CalSTRS said it committed $200 million to PAG Real Estate Partners (PREP) III and another $125 million to Greystar EP Asia I through its real estate programme.

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