It’s TPG’s second fund focused on providing flexible capital solutions to the technology industry.
The plan approved a pair of commitments at today’s board meeting.
The plan conducted a similar search in 2020 and hired NEPC.
The plan, which did not previously utilize a consultant, selected a firm last month.
Chris Grogan was promoted to portfolio manager while retaining his responsibilities as director of investment consulting.
The plan approved a private equity commitment and was informed of staff-delegated investments this week.
The plans worked with their incumbent since 2009.
The firm recently hired two research analysts for the team.
The plan’s general investment consultant informed the board that an RFP would go out this year.
More than 70% of investors globally intend to increase their allocations to private equity this year, according to the results of BlackRock Alternatives’ inaugural survey released today.