Alternatives
A trust fund based in a Western state has approved the addition of a private equity fund-of-one, a real estate strategy and a custom, multi-asset alternative mandate to its portfolio.
A university based in a Southern state approved commitments to a private equity buyout fund and a venture capital fund, with plans to add more later this year.
The manager represents a new relationship for the retirement system and the first commitment in its annual pacing plan.
The pension fund hopes to make a commitment in its infrastructure secondaries search this month after narrowing it to three firms.
The firm is seeking information on systematic trend following strategies on behalf of an anonymous public fund client.
The commitments include three new manager relationships for the pension plan.
The retirement system hired two firms to manage its 51% private markets portfolio.
The retirement fund is scheduled to hear proposed real estate and infrastructure pacing plans at next week’s investment committee meeting.
The two commitments were made for pacing purposes.
The plan is considering a 5% dedicated allocation to the new asset class.