Global private capital investment firm Carlyle’s private equity business unit Carlyle AlpInvest announced the launch of a new co-investment partnership with the California State Teachers’ Retirement System (CalSTRS), one of the largest public pension funds in the U.S., targeting joint investments in climate solutions.
According to CalSTRS, the new partnership is aimed at expanding its ability to invest alongside private equity managers in climate solution opportunities beyond its own direct investment program.
Nick Abel, Portfolio Manager of CalSTRS Sustainable Investment and Stewardship Strategies
“Partnering with Carlyle AlpInvest will help add the scale and execution expertise needed to advance our investment objectives… The collaboration enhances the way we access opportunities to further position CalSTRS as a global partner of choice and supports our commitment to delivering financial results alongside positive sustainability outcomes.”
Bringing together Carlyle AlpInvest’s co-investment platform with CalSTRS’ Sustainable Investment and Stewardship Strategies (SISS) team, the new partnership will seek to identify climate-related opportunities that demonstrate positive sustainability outcomes across a range of themes. The companies added that the initiative’s approach will be rooted in a flexible, intent-based framework designed to reflect a wide spectrum of global opportunities.
Maaike van der Schoot, Head of Responsible Investment at Carlyle AlpInvest, said:
“Carlyle AlpInvest is focused on building partnerships with investors that deliver long-term value and supporting their sustainable investment objectives. This effort reflects that focus and builds on our long-standing commitment to responsible investment and helping partners pursue investment strategies that drive positive, strategic outcomes.”
