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Calstrs names director of private equity

California State Teachers’ Retirement System has named Margot Wirth as director of the USD16.8bn private equity portfolio.

Wirth will direct a staff of 20 who manage the private equity portfolio, which accounts for 12.7 per cent of the USD132.6bn Calstrs investment portfolio as of 28 February 2010.

The private equity staff manages a portfolio consisting of private equity limited partnerships managed by external general partners and direct side-by-side co-investments.

Private equity staff also manages the Credit Enhancement Program, which underwrites municipal transactions on an opportunistic basis and is managed internally.

“Margot emerged as the best choice to bring the private equity portfolio through the treacherous waters of the financial crisis, following a year-long director search,” says Calstrs chief investment officer Christopher J. Ailman. “Her years of experience, knowledge of Calstrs operations and great relationships with both investment staff and our private equity partners will position the portfolio for further growth as the economy picks up steam.”

Wirth joined Calstrs in 2001 as an investment officer, coming from PricewaterhouseCoopers where she was a manager and senior analyst in the corporate valuation consulting group.

At Calstrs, Wirth rose to become a portfolio manager and was named an interim co-director of private equity in February 2009.

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