The U.S. Virgin Islands sold its rum-tax collections to bondholders for $955 million, closing a securitization deal intended to refinance existing debt and replenish an ailing government pension fund.
Plan made a $2.5 million value-add real estate commitment to Angelo Gordon last month.
The plan will bring on an executive search firm to assist with finding a replacement for Russell Niemie.
Plan is conducting on-site visits with three finalists ahead of a selection scheduled for next month.
Executive director will depart plans for a corporate plan position next month.
Systems’ cio lost a battle with cancer earlier this month.
Plan approved a follow-on growth equity commitment to a JMI Equity last month.
Plan made private equity and real estate commitments totaling approximately $250 million at this week’s meeting.
Plan committed $60 million in total to risk parity and private equity buyout commitments this month.
Plan added three private equity and one real estate commitments in the year’s first two months.