CalSTRS will anchor Nuveen's Energy & Power Infrastructure Credit Fund II .
The 2025-26 fiscal year return was CalPERS’ highest mark in five years.
CalPERS investment staff members will no longer have specific asset targets.
The mandate will cover portfolio management across public and private assets.
This expands CalSTRS’ ability to invest alongside private equity managers in climate solutions.
The climate ETF began trading with $2.4bn from Finnish pension insurer, Varma.
Transfer of assets to BlackRock is expected to be complete by mid 2025.
This includes a climate transition index, committing $5bn to an alternative to capitalization-weighting.
Nearly 50% of private sector workers are unable to save for pensions through their employers.
