Carlyle’s private equity division, Carlyle AlpInvest, has announced a strategic co-investment partnership with the California State Teachers’ Retirement System (CalSTRS), one of the United States’ largest public pension funds. This partnership is focused on joint investments in climate solutions, aiming to expand CalSTRS’ ability to invest alongside private equity managers beyond its direct investment programme.
Nick Abel, Portfolio Manager of CalSTRS Sustainable Investment and Stewardship Strategies, emphasised the significance of this collaboration, stating that partnering with Carlyle AlpInvest will provide the scale and execution expertise necessary to advance their investment objectives. He noted that this partnership enhances CalSTRS’ ability to access opportunities and supports their commitment to achieving financial results alongside positive sustainability outcomes.
The partnership will combine Carlyle AlpInvest’s co-investment platform with CalSTRS’ Sustainable Investment and Stewardship Strategies (SISS) team to identify climate-related opportunities that deliver positive sustainability outcomes across various themes. The companies highlighted that their approach will be based on a flexible, intent-driven framework to accommodate a broad range of global opportunities.
Maaike van der Schoot, Head of Responsible Investment at Carlyle AlpInvest, expressed that the firm is dedicated to building partnerships that deliver long-term value and support sustainable investment objectives. She stated that this initiative reflects their commitment to responsible investment and helping partners pursue strategies that yield positive, strategic outcomes.
