Alternatives
The state retirement system also disclosed several private markets commitments at last week’s board meeting.
The retirement fund added one new commitment and increased another pair last month.
The recommended hire of an additional active core-plus manager comes after the decision to implement an all-active approach.
The fund added commitments to private equity, real estate and private debt funds with existing managers within its portfolio in the second half of 2025.
The state’s technology and research fund made a new $10 million commitment to a venture firm to promote technological innovations regionally.
The fund is looking to invest in artificial intelligence-native hedge funds as it finds the biggest funds have been slow to adapt.
Co-Investment Fund VI closes with an oversubscribed $2.5 billion in committed capital.
The retirement system added commitments to one new and one existing manager relationship last week.
The pension plan also added a global equity manager to its portfolio at a meeting yesterday.
The pension fund hired a new hedge fund manager to replace an underperforming incumbent.