Justin Mitchell
Denali Growth Partners will focus on healthcare and technology companies.
The $286bn pension will source private equity co-investments through its already-existing program.
The $445bn pension's commitments to the lower-fee structures significantly dwarfed its fund commitments in its latest investment report.
The latest Aberdeen vehicle will target lower mid-market turnaround, value buyout and growth capital funds.
The fund hits the market amid a windfall for tech fundraising, as the sector has seen positive headwinds during the covid crisis.
The firm has drawn headlines for its high-profile acquisition of pop star Taylor Swift's master tapes last year.
CalSTRS has been growing its co-investment program steadily for several years as part of its system-wide 'Collaborative Model.'
The $82bn fund's CIO said Albourne will help with operational due diligence and expanded strategy options.
The $87bn pension fund plans to commit as much as $2.7bn to the asset class this year.
The fund is targeting $4.25bn for investments in technology, healthcare and financial services companies.