United States · Investor

CalSTRS

Last cheque observed Dec 2025; 5 cheques on record.

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Deploying nowNew fund $101M, Apr 2014Government

GrowthPre-IPOParkingTourism

Deploying now
33%of best year1cheques in 12 months, 5 on record
Since the last cheque321days00hrs00min00sec
Median round$175MRounds led0 of 5Mostly inUnited States, 40%
Pitch CalSTRS

CalSTRS highlights

  1. 01

    1 cheques in the last 12 months

  2. 02

    Mostly Growth and Series E: 67% of its rounds

What they do

Type
Government (from a list, unverified)
Cheque size
Not stated
Stages
GrowthPre-IPO
Sectors
ParkingTourism
Based in
West Sacramento, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first5 appearances

  1. 2025

    3 rounds

  2. Dec
    Fervo EnergySeries E · US · TechCrunch$462MWith 24 others
  3. Jul
    1KOMMA5°DE · TechStartups$175MWith 8 others
  4. Mar
    Just ClimateGB · TechCrunch$175MWith 1 other
  5. 2012

    1 round

  6. Oct
    BrightSource EnergyGrowth · US · greentechmedia.com$80MWith 7 others
  7. 2005

    1 round

  8. Jun
    New Energy CapitalVenture · DE$30MWith 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration4 named

CFCraig FowlerManaging Director of BAMLCAF CALSTRS GP, LLC, General PartneriFiling they signed
EPEdward PowersPresident of BAMLCAF CALSTRS GP, LLC, General PartneriFiling they signed
MHMatthew HoganBruenManaging Director of BAMLCAF CALSTRS GP, LLC, General PartneriFiling they signed
SSSanjiv ShahManaging Director of BAMLCAF CALSTRS GP, LLC, General PartneriFiling they signed

We also hold 5 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

2+funds on filenumbered funds in its name

Who backs their funds

1 LP on record in CalSTRS's funds

Committed
$950M
Funds
5
Vintages
2008 to 2024

The institutions that put money into its funds, which the firm then invests in companies.Source: the pension's own report, latest Jun 2025.

  • California State Teachers Retirement System5 funds$950M
    FundVintageCommitted
    CalSTRS New Next Gen Manager VI2024$85M
    CalSTRS Lower Mid Market VII2023$250M
    CalSTRS New&Next Gen Manager V2021$165M
    CalSTRS New&Next Gen. Manager Fund III2012$250M
    CalSTRS New&Next Gen. Manager Fund II2008$200M

Who they invest alongside

The investors most often in the same rounds as CalSTRS. A count of rooms they were both in, not a relationship either has claimed.

Sabanci Climate VenturesGrowth equity2rounds togetherVantagePoint Capital PartnersVC firm2rounds together

Recently backed

The latest companies CalSTRS put money into.

Fervo Energy$462M · Dec 20251KOMMA5°$175M · Jul 2025

Quick answers about CalSTRS

What does CalSTRS invest in?

CalSTRS invests most often at Growth and Series E (67% of the rounds on record), in sectors such as Parking and Tourism.

How active is CalSTRS?

5 investments on record, 1 of them in the last 12 months. The most recent was in Dec 2025.

What has CalSTRS invested in recently?

Its most recent investments on record: Fervo Energy (Series E, Dec 2025), 1KOMMA5° (Undisclosed round, Jul 2025) and Just Climate (Mar 2025).

How big are CalSTRS's cheques?

The median round it joins is $175M.

Does CalSTRS lead rounds?

Rarely, if at all: none of its 5 investments on record names it as the lead.

Where does CalSTRS invest?

Most of the companies it backs are in the United States (40%), Germany (40%) and the United Kingdom (20%).

Is CalSTRS investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

Who does CalSTRS invest alongside?

Most often Sabanci Climate Ventures (2 rounds together) and VantagePoint Capital Partners (2 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it