Alternatives
The state is searching for venture capital funds that are interested in managing its participation in the SSBCI program.
The firm recently held the final close of its inaugural private investment fund above its original $500 million target.
The university added new private equity and venture capital managers within its endowment in the second quarter on the heels of re-up commitments to existing strategies.
The plan made six commitments totaling more than $900 million.
The plan also approved several new private markets commitments at a board meeting last week.
The pension fund approved up to $650 million in new private markets commitments at a meeting today.
The commitments fulfill the plan’s 2026 real assets and private equity pacing plans.
The university hired a new private equity buyout fund and made re-up commitments to private equity growth and natural resources funds within its endowment during the first quarter.
The university approved three financing agreements with startup companies recently launched from the institution’s ecosystem at its October board meeting.
The retirement system is conducting the search to “assess the feasibility” of establishing a private markets emerging manager program.
