Alternatives
The plan also reviewed proposed alternatives commitments of up to $995 million this week.
Atlantic Ridge Capital represents the first investment from Grafine Partners’ second institutional seeding fund.
The plan approved more than $1.8 billion in commitments at today’s board meeting.
The plan approved a $45 million commitment to the asset class at today’s meeting.
The retirement system’s most recent commitments totaled $615 million across four funds.
The retirement system agreed to hire a new discretionary private equity consultant while maintaining the incumbent consultant for discretionary private real return services.
The plan also recently added two public markets managers to its watch list.
The retirement plan made two commitments following finalist interviews yesterday.
The schools are reviewing a potential private equity partnership that would see approximately $2.4 billion invested in the conference in return for a 10% stake.
The commitment was made based on the plan’s current allocation and future cash flow assumptions.