SoLa nets $50m from CalSTRS for Black Impact Fund
5th March 2022
California State Teachers’ Retirement System (CalSTRS) has backed SoLa Impact’s fourth US social impact real estate fund with a $50 million commitment.
The $311 billion US pension fund has invested through its partnership with Belay Investment Group and its investment brings fund-raising for SoLa’s Black Impact Fund to $250 million. The vehicle seeks to raise $300 million to invest in affordable and workforce housing development in California’s minority communities.