Alternatives
The plan approved a private equity commitment at its board meeting this week.
The retirement system committed to three existing manager relationships in the past two weeks.
The global private investment firm recently invested $825 million in the insurance and asset manager to acquire a nearly 10% stake in the company.
The firm has closed its third co-investment private equity fund at its hard cap with more than $2 billion in commitments.
The firm, which is affiliated with a life insurance company, has hired a new associate of capital markets and sourcing alternatives from a college that outsourced the management of its endowment in September.
The university is barring investment decisions that are based primarily on environmental or social factors in light of a new state law, while its outsourced cio looks to increase private real estate allocations.
The pension fund is seeking a manager to handle a diversified real assets strategy that must include commodities, precious metals and infrastructure/real estate.
The fund will also review a high-yield fixed-income manager search request from staff at its June 13 board meeting.
Cross-border trade between Mexico and the U.S. and inflows of copper-related products stand to continue despite tariff volatility, opening up opportunities for investors.
The Midwest-based private equity firm recently held the final close of its renewable energy fund, surpassing its original $750 million target.