Alternatives
The searches follow asset class reviews by the plan’s general investment consultant.
The firm has closed its oversubscribed third growth equity fund with more than $275 million in commitments.
The plan will also receive presentations for potential real estate and private credit commitments at its next meeting.
The pension plan will aim to commit $3.1 billion total to private equity and opportunistic/diversified strategies in fiscal year 2025.
The plan rehired firms and made one new hire in its search launched last summer.
The pension plan recently made $1.2 billion in total commitments across its credit strategies, private equity and real assets portfolios.
The plan also disclosed two staff-delegated investments at a meeting yesterday.
The fund is currently searching for opportunistic credit managers for its portfolio after consolidating its public credit portfolio into a passive U.S. aggregate bond index in the first quarter.
The fund recently closed its third healthcare services buyout fund above its original fundraising target of $650 million.
Community foundations continue to show interest in private investments as they look to increase their allocations to the strategies, while the number that they have an outsourced cio model increased from last year.