CalSTRS Endorses ILPA’s Private Equity Fee Reporting Template

WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System today announced its endorsement of the Institutional Limited Partners Association’s recently-launched fee reporting template for private equity general partners. “We view this development as just the first step toward a more transparent and consistent industry standard of reporting the fees and costs generated by our partnerships with the general partners,” said CalSTRS Chief Investment Officer Christopher J. Ailman. “CalSTRS will continue to push—through its association with ILPA—for more comprehensive and consistent industrywide GP reporting standards.” In an , CalSTRS communicated its intent to have its private equity fund managers (GPs) comply with the reporting practices recommended by the ILPA Fee Reporting Template. The practices and guidance promoted by ILPA’s Transparency Initiative include: