Alternatives
The plan also funded a new internally managed enhanced index fund.
The plan was informed of staff-delegated alternatives commitments totaling $1.5 billion at its board meeting last week.
The retirement system approved private equity commitments across two managers at today’s board meeting.
Fund’s investors included a $1.3 billion commitment from the C$714.4 ($525.2) billion Canada Pension Plan Investment Board.
The retirement system’s director of public equity was also honored before his retirement later this month.
A new report indicates that lack of liquidity and high fees remain the largest barriers for private markets strategies in the financial advisor industry.
A trust fund based in a Western state has approved the addition of a private equity fund-of-one, a real estate strategy and a custom, multi-asset alternative mandate to its portfolio.
A university based in a Southern state approved commitments to a private equity buyout fund and a venture capital fund, with plans to add more later this year.
The manager represents a new relationship for the retirement system and the first commitment in its annual pacing plan.
The pension fund hopes to make a commitment in its infrastructure secondaries search this month after narrowing it to three firms.