A Virginia-based pension plan made a venture capital commitment with a new manager yesterday.
The three firms will evenly split a $255 million mandate.
A Northwestern fund made commitments totaling $950 million.
The plan concluded its emerging private equity fund-of-funds manager search and made commitments totaling $925 million in closed session at last week’s board meeting.
The plan last issued an RFQQ for the services in 2018.
The retirement investment risk and operations officer will report to CIO Sriram Lakshminarayanan.
The plan made a value-add real estate commitment with an existing manager this month.
The plan agreed to stay with Wilshire as its general investment consultant after interviewing two other finalists yesterday.
SageView Advisory Group has served as investment consultant for the 457(b) deferred compensation plan since 2015.
The decision follows the plan’s review of 42 publicly traded shale oil and gas companies.