Alternatives
The state’s division of investment is seeking heads of private equity, real assets and real estate.
The pension plan approved $435 million in alternatives commitments at its board meeting last week.
The investment board has also made up to $1.4 billion in new commitments.
The rebrand marks the completion of Performance Equity Management’s integration into Sagard’s global middle market private equity platform.
The plan will target $750 million with up to 11 funds next year.
Th state treasurer’s office is searching for a manager of alternative investments to help oversee an impact investment vehicle and an infrastructure fund.
The university reupped with existing real assets and private equity managers within endowment fund in the first half of the year.
The endowment was slated to consider issuing separate RFPs for infrastructure strategies and private equity strategies at this month’s board meeting.
The firm also surpasses $1.75 billion in regulatory assets under management.
The minority investment is being made via Wafra Inc.’s Strategic Partnerships platform.