Alternatives
The system will consider making a growth private equity commitment at its Feb. 1 board meeting this month.
The system is searching for a director to help oversee and manage its portfolio with a focus on private equity.
The fund approved private equity and private credit commitments with existing managers as recommended by its general investment consultant last week, with more recommendations expected in the coming months.
The plan is expected to issue a private equity manager RFP in the next few months.
The commitments include four new managers for the plan.
The Lone Star pension system added a pair of private equity commitments totaling $45 million in recent months.
The plan will seek full board approval for two private markets commitments next month.
The pension plan approved four commitments totaling $110 million and 2024 real estate and real assets pacing plans yesterday.
The global alternatives manager has hired a managing director focused on secondaries to bolster its secondaries, governance, reporting and client partner team.
The fund is expected to receive a private equity pacing plan proposal from its general investment consultant alongside private equity and private credit commitment recommendations at its board meeting this month.