Alternatives
The transaction is expected to close in the second quarter.
The pension system added a commitment to the next fund in an existing relationship with Silver Hill Energy Partners.
The retirement fund also reupped with its incumbent general investment consultant at today’s board meeting.
The plan bolstered its private real assets portfolio with three commitments today.
The pension plan is recommending removal of exposure to Clearlake Capital Group within Pathway Capital Management’s portfolio.
The endowment is seeking firms with open-end, evergreen funds to manage an approximately $75 million allocation and will give preference to firms with experience in direct investments, co-investments and secondary transactions.
The plan finalized private equity and private credit commitments totaling up to $75 million in February.
The pension plan approved a pair of real estate commitments that fall in line with its annual pacing plan.
The pacing amounts were approved in conjunction with an adjusted asset allocation.
The pension fund approved a pair of commitments that are in line with the pacing plan for 2026.