Infrastructure investing is “an evolution, not a revolution” for the West Sacramento-based California State Teachers’ Retirement System, said Paul Shantic, director of inflation sensitive portfolios at the $233 billion pension plan.

Speaking Friday at an EDHECInfra event in London, Mr. Shantic said CalSTRS, in efforts to diversify its overall portfolio, has been investing in infrastructure via its $5.6 billion inflation sensitive portfolio, which is comprised 64% of infrastructure investments.

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