Ampersand 2026 Limited Partnership closes with $1.5 billion in commitments.
The firm terminated a roughly $100 million mandate and will use the proceeds to support benefit payments and fund capital calls.
The authority is seeking retirement investment advisor and consulting services on behalf of its $91 million defined contribution and $22.2 million deferred compensation plans.
The firm is reportedly exploring a sale, a topic discussed by one client at an investment committee meeting today.
The retirement plan approved a private equity search to review the market for complementary funds to its existing lineup.
The retirement fund will interview four funds in its private debt manager search tomorrow.
The plan’s investment committee approved new emerging market debt and private equity investments today.
The potential search follows the termination of its incumbent active manager last month due to performance concerns.
The fund concluded a recent RFP with three private equity commitments totaling $50 million.
Plan staff intends to bring minimum qualifications in its domestic small-cap value equity manager search to the board next month.