A Midwestern pension plan will conduct a hedge fund-of-funds manager search.
The plan increased its private equity target as part of an annual investment policy statement review.
A Northwestern fund disclosed commitments totaling $887 million.
The plan made a private equity fund-of-funds commitment with an existing manager.
The plan considered real estate and credit investments this month.
The plan will conduct three equity manager searches to potentially replace existing mandates.
A Midwestern plan approved two private credit commitments and one private equity commitment this month.
A state investment board in the Pacific Northwest recently added three private equity commitments.
The search follows the resignation of its executive director and cio, who left to join a private equity firm in Alabama.
A Midwestern pension plan authorized a defensive equity search at today’s board meeting.