The vote to divest from CoreCivic and GEO Group was 6-5 during an emotional meeting.
A total of 25 managers received 26 commitments in the last half of the 2017-2018 fiscal year.
The large California pension plan is taking on corporations who use the same auditor year after year as well as companies that have suspended having in-person annual meetings in favor of virtual meetings.
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.
Coalition with nearly $5 trillion in assets under management aims to engage industry to improve gun safety.
The pension plan is getting ready for investments out of the traditional limited partner-general partner fund structure, including increases in co-investments.
Tweets and policies could escalate trade dispute into a trade war.
Review ordered personally by CalSTRS CIO Chris Ailman in a rare move.
Private equity is system’s best-performing asset class at 13.8%.
Ailman says efforts under discussion with three West Coast and three global pension plan officials.