Alternatives
The board hired an intermediate manager to replace a short-term bond mandate.
The retirement system is seeking a replacement for a recently terminated domestic equity manager.
The retirement system also approved a search for a multi-asset credit manager at the end of August.
The commitments include two new manager relationships for the council.
The plan is looking to invest up to $35 million across the two strategies.
The plan will look to conclude its private markets consultant search next month.
The pension fund hired a pair of international growth equity managers at this week’s board meeting.
The state pension plan also committed up to $400 million across two venture capital funds at its meeting today.
The retirement system established a new 5% target to the asset class last year.
The university will consider approving up to five financing agreements with startup companies recently launched from the institution’s ecosystem through its accelerator fund.