Alternatives
The retirement system added three private commitments at its board meeting last week.
The plan made commitments with two existing managers’ latest funds.
The plan will receive private equity and real estate commitment recommendations at tomorrow’s meeting.
The plan recently committed $245 million total to two private equity managers and one hedge fund manager.
A San Francisco-based private equity firm has raised $180 million from endowments, foundations and other investors.
Survey finds increased interest and adoption hedge funds and increase in defensive strategies and portfolio diversifiers.
An education system based in a Southern state has approved new investments to hedge fund, credit and real estate strategies.
The plan issued an RFP seeking a manager to handle $25 million after approving the search in April.
The three new commitments will total up to $130 million following approval from the full board later this month.
The plan disclosed two private equity commitments at a board meeting yesterday.