U.S. Impactive Capital to raise $250 million from CalSTRS

U.S.-based investment management firm Impactive Capital announced that the company is expecting to raise about $250 million in the investment round.

The investments will come from the California State Teachers’ Retirement System (CalSTRS), an educator-only pension fund company.

With the infusion, Impactive Capital will focus on investing in companies over a long-term time horizon, while actively engaging with management teams and boards to materially enhance value by focusing on capital allocation and improvements to environmental, social and governance policies.

CalSTRS said that its investments will provide an anchor for Impactive Capital to begin deploying capital and executing its strategy within a six-year term.