CalSTRS Investments & Fund Profile

Overview

Largest educator-only pension fund providing retirement benefits.

Founded

1913

Deals · 12mo

1

Links

Website LinkedIn X (Twitter)

Stage focus

Series D

Series E

Geographic focus

Germany

United States

Sector focus

Employee Benefits

Government

Retirement

Investment portfolio

6rounds

LedParticipated

NAME	DATE	SIZE
Fervo Energy	Dec 2025Participated	$462 MSeries E
1Komma5°	Dec 2024Participated	$174 MOther Equity
Fervo Energy	Dec 2024Participated	$135 MOther Equity
AMP	Dec 2024Participated	$91 MSeries D
BrightSource Energy	Oct 2012Participated	$80 MOther Equity
BrightSource Energy	May 2010Participated	$150 MSeries D
Fervo Energy	Dec 2025Participated	$462 MSeries E
1Komma5°	Dec 2024Participated	$174 MOther Equity
Fervo Energy	Dec 2024Participated	$135 MOther Equity
AMP	Dec 2024Participated	$91 MSeries D
BrightSource Energy	Oct 2012Participated	$80 MOther Equity
BrightSource Energy	May 2010Participated	$150 MSeries D

6 Items

6

Items

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Insights

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Deal Distribution

CalSTRS: 6 funding rounds are recorded in the selected participation categories. All available history
Round type	Led deals	Participated deals
Series C+	0	3
Other Equity	0	3

Monthly Deal Activity

CalSTRS: 6 deals are recorded across 198 months. All available history
Month	Deals
May '10	1
Jun '10	0
Jul '10	0
Aug '10	0
Sep '10	0
Oct '10	0
Nov '10	0
Dec '10	0
Jan '11	0
Feb '11	0
Mar '11	0
Apr '11	0
May '11	0
Jun '11	0
Jul '11	0
Aug '11	0
Sep '11	0
Oct '11	0
Nov '11	0
Dec '11	0
Jan '12	0
Feb '12	0
Mar '12	0
Apr '12	0
May '12	0
Jun '12	0
Jul '12	0
Aug '12	0
Sep '12	0
Oct '12	1
Nov '12	0
Dec '12	0
Jan '13	0
Feb '13	0
Mar '13	0
Apr '13	0
May '13	0
Jun '13	0
Jul '13	0
Aug '13	0
Sep '13	0
Oct '13	0
Nov '13	0
Dec '13	0
Jan '14	0
Feb '14	0
Mar '14	0
Apr '14	0
May '14	0
Jun '14	0
Jul '14	0
Aug '14	0
Sep '14	0
Oct '14	0
Nov '14	0
Dec '14	0
Jan '15	0
Feb '15	0
Mar '15	0
Apr '15	0
May '15	0
Jun '15	0
Jul '15	0
Aug '15	0
Sep '15	0
Oct '15	0
Nov '15	0
Dec '15	0
Jan '16	0
Feb '16	0
Mar '16	0
Apr '16	0
May '16	0
Jun '16	0
Jul '16	0
Aug '16	0
Sep '16	0
Oct '16	0
Nov '16	0
Dec '16	0
Jan '17	0
Feb '17	0
Mar '17	0
Apr '17	0
May '17	0
Jun '17	0
Jul '17	0
Aug '17	0
Sep '17	0
Oct '17	0
Nov '17	0
Dec '17	0
Jan '18	0
Feb '18	0
Mar '18	0
Apr '18	0
May '18	0
Jun '18	0
Jul '18	0
Aug '18	0
Sep '18	0
Oct '18	0
Nov '18	0
Dec '18	0
Jan '19	0
Feb '19	0
Mar '19	0
Apr '19	0
May '19	0
Jun '19	0
Jul '19	0
Aug '19	0
Sep '19	0
Oct '19	0
Nov '19	0
Dec '19	0
Jan '20	0
Feb '20	0
Mar '20	0
Apr '20	0
May '20	0
Jun '20	0
Jul '20	0
Aug '20	0
Sep '20	0
Oct '20	0
Nov '20	0
Dec '20	0
Jan '21	0
Feb '21	0
Mar '21	0
Apr '21	0
May '21	0
Jun '21	0
Jul '21	0
Aug '21	0
Sep '21	0
Oct '21	0
Nov '21	0
Dec '21	0
Jan '22	0
Feb '22	0
Mar '22	0
Apr '22	0
May '22	0
Jun '22	0
Jul '22	0
Aug '22	0
Sep '22	0
Oct '22	0
Nov '22	0
Dec '22	0
Jan '23	0
Feb '23	0
Mar '23	0
Apr '23	0
May '23	0
Jun '23	0
Jul '23	0
Aug '23	0
Sep '23	0
Oct '23	0
Nov '23	0
Dec '23	0
Jan '24	0
Feb '24	0
Mar '24	0
Apr '24	0
May '24	0
Jun '24	0
Jul '24	0
Aug '24	0
Sep '24	0
Oct '24	0
Nov '24	0
Dec '24	3
Jan '25	0
Feb '25	0
Mar '25	0
Apr '25	0
May '25	0
Jun '25	0
Jul '25	0
Aug '25	0
Sep '25	0
Oct '25	0
Nov '25	0
Dec '25	1
Jan '26	0
Feb '26	0
Mar '26	0
Apr '26	0
May '26	0
Jun '26	0
Jul '26	0
Aug '26	0
Sep '26	0
Oct '26	0

Sector Breakdown

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

CalSTRS: Clean Energy & Sustainability is the largest displayed sector by deal count (6 deals). All available history
Sector	Deals
Clean Energy & Sustainability	6
Space & Frontier Tech	2
Hardware & Robotics	1
AI & Machine Learning	1
Transportation & Logistics	1

Deal Size Distribution

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

CalSTRS: 6 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)	Deals
<$5M	0
$5M-$10M	0
$10M-$25M	0
$25M-$50M	0
$50M-$100M	2
$100M-$250M	3
$250M-$500M	1
$500M-$1B	0
$1B+	0

Deals By Geography

Top 2 of 2 regions; European countries are grouped as Europe.

CalSTRS: United States has the largest recorded deal count among the displayed regions (5 deals). All available history
Region	Deals
United States	5
Europe	1

Co-Investors

Bubble size = shared deals

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Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

CalSTRS: 20 co-investors are shown, with Congruent Ventures sharing 3 recorded deals. All available history
Co-investor	Shared deals
Congruent Ventures	3
Liberty Mutual Investments	3
Breakthrough Energy Ventures	2
Canada Pension Plan Investment Board	2
Capricorn Investment Group	2
Data Collective	2
Devon Energy	2
Sabanci Climate Ventures	2
VantagePoint Capital Partners	2
2150	1
AllianceBernstein	1
Alstom	1
Alston	1
Atacama	1
B Capital Group	1
Blue Earth Capital	1
BP Ventures	1
btov Partners	1
Carbon Equity	1
Centaurus Capital	1