Alternatives
The fundraise increases total private credit strategy assets to $15 billion.
The plan approved $350 million in commitments with GPs at a meeting last week.
The pension plan will approve its general investment consultant’s takeover of exposure to the private equity manager.
The foundation added fixed-income strategies with an existing manager and a new international large-cap equity manager to its portfolio in the second half of 2025.
The head of alternatives for U.S. wealth will work with the sales teams to identify and pursue business opportunities with wealth advisors in the intermediary distribution channel.
The retirement fund disclosed $53 million in recent staff-led commitments.
Blackstone Capital Opportunities Fund V closed with over $10 billion of investable capital.
The firm interviewed two finalists at yesterday’s board meeting.
The firm appointed a co-cio to guide portfolio construction, manager selection and the firm’s overarching investment strategy and asset allocation as part of its leadership transition.
The retirement system has a 6% target to hedge funds.