Alternatives
The retirement system added commitments to one new and one existing manager relationship last week.
The pension plan also added a global equity manager to its portfolio at a meeting yesterday.
The pension fund hired a new hedge fund manager to replace an underperforming incumbent.
A consortium promoting life-science start-up companies in the Midwest has partnered with two consultants to develop an angel investor education program to conclude its search from early 2025.
The firm recently closed its oversubscribed second strategy with nearly $100 million in capital commitments.
The retirement fund disclosed $85 million in recent commitments across private equity and real assets.
The trust committed $70 million across two commitments last month for pacing purposes.
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.
