Alternatives
The pension system added up to $175 million in new commitments in April.
The pension plan approved a pair of real estate commitments at a board meeting last week.
The plan is replacing an existing equity manager and making its first private equity investment since 2019.
The pension system made its first traditional private equity buyout commitments in years at today’s board meeting.
The conference has entered into a private capital deal in a partnership between two private investment firms that will help with revenue generation, investment opportunities and provide a credit line.
The retirement association is seeking a firm to review and evaluate its discretionary private credit and private equity portfolios.
The fund recently with more than $850 million in capital commitments from existing and new investors, exceeding its $800 million target.
The fund approved a commitment to an existing private equity manager as it is approximately $675 million underweight its target to the asset class.
The retirement system made five private markets commitments totaling $160 million last year.
The commitments include two new relationships for the plan.
