# CalSTRS: portfolio, investments and team > CalSTRS is a government based in United States. 5 investments on record, 1 in the last 12 months, latest Dec 2025. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/calstrs (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # CalSTRS Last cheque observed Dec 2025; 5 cheques on record. Email Deploying now New fund $101M, Apr 2014 Government Growth Pre-IPO Parking Tourism Follow CalSTRS and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fcalstrs) Deploying now **33%** of best year **1** **cheques in 12 months**, 5 on record Since the last cheque **321** days **00** hrs **00** min **00** sec Median round **$175M** Rounds led **0 of 5** Mostly in **United States, 40%** Pitch CalSTRS ## CalSTRS highlights - 01 1 cheques in the last 12 months - 02 Mostly Growth and Series E: 67% of its rounds ## What they do - **Type:** Government (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Growth Pre-IPO - **Sectors:** Parking Tourism - **Based in:** West Sacramento, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **5 appearances** - **2025** 3 rounds - **Dec** **[Fervo Energy](https://millionrounds.com/company/fervo-energy)** Series E · US · TechCrunch **$462M** With 24 others - **Jul** **[1KOMMA5°](https://millionrounds.com/company/1komma5)** DE · TechStartups **$175M** With 8 others - **Mar** **[Just Climate](https://millionrounds.com/company/just-climate)** GB · TechCrunch **$175M** With 1 other - **2012** 1 round - **Oct** **[BrightSource Energy](https://millionrounds.com/company/brightsource-energy)** Growth · US · greentechmedia.com **$80M** With 7 others - **2005** 1 round - **Jun** **[New Energy Capital](https://millionrounds.com/company/new-energy-capital)** Venture · DE **$30M** With 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 registration **4 named** CF **Craig Fowler** Managing Director of BAMLCAF CALSTRS GP, LLC, General Partner i Filing they signed EP **Edward Powers** President of BAMLCAF CALSTRS GP, LLC, General Partner i Filing they signed MH **Matthew HoganBruen** Managing Director of BAMLCAF CALSTRS GP, LLC, General Partner i Filing they signed SS **Sanjiv Shah** Managing Director of BAMLCAF CALSTRS GP, LLC, General Partner i Filing 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 file numbered 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 System** 5 funds *$950M*](https://millionrounds.com/fund/california-state-teachers-retirement-system) Fund Vintage Committed CalSTRS New Next Gen Manager VI 2024 $85M CalSTRS Lower Mid Market VII 2023 $250M CalSTRS New&Next Gen Manager V 2021 $165M CalSTRS New&Next Gen. Manager Fund III 2012 $250M CalSTRS New&Next Gen. Manager Fund II 2008 $200M New fund on file **$101M** raised in Apr 2014 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Growth Pre-IPO Median round joined **$175M** the round, not its cheque Led 0 of 5 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Dec 2025 Rounds by stage said on their site - Growth said *1* - Series E *1* - Venture *1* - Pre-IPO said *-* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [Sabanci Climate Ventures](https://millionrounds.com/fund/sabanci-climate-ventures) 2 - [VantagePoint Capital Partners](https://millionrounds.com/fund/vantagepoint-capital-partners) 2 **Pitching CalSTRS?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## 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 Ventures** Growth equity **2** rounds together](https://millionrounds.com/fund/sabanci-climate-ventures)[**VantagePoint Capital Partners** VC firm **2** rounds together](https://millionrounds.com/fund/vantagepoint-capital-partners) ## Recently backed The latest companies CalSTRS put money into. [**Fervo Energy** $462M · Dec 2025](https://millionrounds.com/company/fervo-energy)[**1KOMMA5°** $175M · Jul 2025](https://millionrounds.com/company/1komma5) ## 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). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. 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