CalSTRS said today it's investing $42.8 million in a group of California infrastructure projects, including a solar-power plant near Sacramento.
The California State Teachers' Retirement System said the investments are part of its two-year-old commitment to infrastructure, which now totals $750 million.
Infrastructure - roads, airports and so on - have become hot investments for pension funds in recent years.
"These investments reflect CalSTRS' commitment to the California economy and our willingness to contribute to it in a way that helps our state and offers the fund long-term, steady cash flows," said Harry Keiley, chairman of the CalSTRS investment committee.
The four projects are a solar-power plant near McClellan Park; the Crockett power plant near Oakland; construction of a portion of the Presidio Parkway in San Francisco; and the reconstruction of the Long Beach courthouse.
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