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California CLASS Surpasses Major Milestone: Over $1 Billion & 145+ Agency Participants!

By Vanessa Gonzales posted 02-05-2024 04:18 PM

California CLASS logo for article CA CLASS Surpasses Major Milestone

By: @Neil McCormick

In a testament to its rapid success and widespread adoption, CSDA Sponsored investment pool, California CLASS, has achieved an important milestone by exceeding $1 billion in assets under management (AUM) within the initial 18 months since its launch. This achievement underscores the program's effectiveness and popularity among participating agencies, especially special districts.

One notable highlight is that over 80% of the 145+ participating agencies are special districts.

“We’re literally adding multiple new agency participants to California CLASS every week. Districts, cities, JPAs and counties are seeing that we have designed California CLASS to meet the specific investment and service needs of public agencies. Agencies are seeing how our program is different and can’t wait to be a part of it.”

  ~Neil McCormick, CSDA Chief Executive Officer

As the program gains momentum and attracts new participants, its impact in helping participating agencies becomes increasingly evident. The achievement of surpassing $1 billion in assets under management in a short amount of time demonstrates the trust and confidence special districts and other entities place in the California CLASS program, marking a significant chapter in its ongoing success story.

“CSDA is proud to be a co-sponsor of the California CLASS program along with the League of California Cities and we are grateful to have Public Trust Advisors (PTA) as the Administrator and Investment Advisor for the program. PTA’s proven track record in effectively managing over $80 Billion in public agency money nationwide, reinforces that we have the right partners in place to meet our member’s investment and service needs,” said McCormick.

Find out why so many special districts and other agencies are choosing California CLASS as their preferred investment partner.

Sign up today!

CA CLASS Hits $1 Billion in Assets