Margo Wirth

LaShae Badelita

CalSTRS

Margot Wirth is the Director of Private Equity at the California State Teachers’ Retirement System (CalSTRS). CalSTRS is the second largest public pension fund in the United States and has approximately $51 billion in private equity assets. The fund began investing in “emerging” firms through funds of funds in 2003. It has since committed over $2.5 billion through funds of funds including Harbourvest and Muller & Monroe whose mandate is to target niche, underserved, emerging managers including women and minority-owned funds. These funds are typically raising their first, second or third institutional funds. LaShae Badelita joined CalSTRS in 2021 as the fund’s Investment Diversity Officer. She is responsible for the development and implementation of CalSTRS’ Diversity in the Management of Investments Strategy. She also leads internal and external D&I efforts.